CNBC's "Fast Money" Nvidia Nears Records As Stocks Rally To Their Own… And Venture Investor Bradley Tusk On Tech 10/14/24
Oct 14, 2024
Venture investor Bradley Tusk, CEO of Tusk Venture Partners and notable backer of companies like FanDuel and Coinbase, dives into the vibrant world of tech, crypto, and AI regulation. He discusses the soaring stock performance of NVIDIA, fueled by AI advancements, and shares insights on emerging market trends as earnings season approaches. Tusk highlights opportunities within the evolving tech landscape and the regulatory challenges that lie ahead, providing a forward-looking perspective on investment strategies.
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Market Resilience and NVIDIA
- NVIDIA's record high and the market's positive reaction to its previous 30% downdraft suggests market resilience.
- The market has shown strength despite NVIDIA's fluctuations.
NVIDIA's Stock Rise
- NVIDIA's stock has repeatedly risen on the same news about Blackwell's performance.
- Jensen Huang's comments on Squawk Box further fueled the stock's rise.
Inferencing Moat
- Jensen Huang addressed concerns about NVIDIA's moat in inferencing, reassuring investors about their advantage.
- This direct address of the bear case has strengthened investor confidence in NVIDIA.