CNBC's "Fast Money" Two Big Tech Events On Deck… And China’s Property Rescue 5/17/24
May 17, 2024
Tech giants Microsoft and Nvidia gearing up for major events next week. Market analysis includes AI product demand projections and economic indicators. China's central bank aims to boost consumer spending. Geopolitical impacts of uranium ban and China's real estate market revitalization efforts discussed. Stock performances, consumer indicators, and brokerage firm recommendations also covered.
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Market Rally Drivers
- The market's rally isn't solely dependent on tech giants like Nvidia.
- Other sectors like energy and financials have contributed, broadening the rally.
Nvidia's Potential Risks
- Consider Nvidia's guidance and margins in their upcoming report.
- Watch for sequential margin decline as a potential warning sign.
AI Spending Wave
- Microsoft, Alphabet, Meta, and Amazon are expected to invest $200B in CapEx this year, boosting the AI sector.
- This influx of capital will support the structural trend in AI despite potential dips for individual stocks.