Goldman Sachs The Markets
Can tech continue to power equities to new highs?
Feb 23, 2024
Tech stocks are driving equities to new highs with a focus on artificial intelligence. The episode analyzes market risks, S&P 500 influence, price targets, inflation indicators, and upcoming earnings reports. A call to action is made for listeners to delve deeper into insights on GS.com
08:53
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Quick takeaways
- Nvidia's exceptional revenue performance signals potential for AI sector growth.
- High concentration of market capitalization in few companies may lead to valuation risks.
Deep dives
Nvidia's Spectacular Results and Growth Forecasts
Nvidia reported exceptional results, surpassing street expectations with revenues exceeding $22 billion for the current quarter. The company raised guidance for the upcoming quarter, anticipating around $24 billion in revenue. The analyst highlighted the significance of Nvidia's performance among the leading companies contributing to the market's growth. This optimistic outlook signals the potential for continued expansion, especially in the AI sector.
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