StickyRice
02-24

Not Just AI. 

$Nasdaq100 Bull 3X ETF(TQQQ)$ 

It was the week that artificial intelligence arrived...again. Nvidia's blowout earnings sent investors into a frenzy yesterday, pushing the chip maker to a record high and briefly past the $2 trillion market cap mark. It also put the tech-heavy Nasdaq Composite on the precipice of its first record close since November 2021. 

For now, that record will have to wait. The Nasdaq actually lost ground on Friday, leaving it 0.4% short of an all-time high. The S&P 500 and Dow Jones Industrial Average were up on the day, though, giving the indexes their 13th and 14th record closes of 2024, respectively. 

For all the focus on artificial intelligence, the non-tech parts of the market are doing just fine. At some point, rate cuts will matter again. But, for now, investors keep finding other reasons to send stocks higher.

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Comments

  • Tracccy
    02-24
    Tracccy
    Great job on the informative content! šŸ‘
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