Terry Smith, the founder of Fundsmith, has expressed doubts about Nvidia's valuation, despite its popularity and strong stock performance. His skepticism stems from concerns about the future of artificial intelligence (AI) and whether enough consumers will be willing to pay high prices for AI products to justify the investment in AI infrastructure.Additionally, he points out that competition in the chip manufacturing sector is intensifying, with other major companies like Amazon, Microsoft, and Oracle already developing their own chips, potentially eroding Nvidia's market share. Smith also notes that $NVIDIA Corp(NVDA)$ significant competitors, such as AMD and Broadcom, are making strides in the AI chip market, which could pose further risks to Nv
Shopify’s growth prospects are strong, with earnings driven by expanded Merchant Solutions, increasing international reach, and improved profitability from high-margin services. Cross-selling, enterprise adoption, and a favorable e-commerce shift further support Shopify’s revenue potential, though competition and economic factors remain as challenges.
Morgan Stanley analysts suggest that as investors breathe a sigh of relief following the election and the year-end "fear of missing out" sentiment begins to surface, the S&P 500 index could continue to climb in the latter stages of 2024, with a 5% increase from current levels not being impossible.“If there isn’t much panic in the market and people feel good about things, I think the S&P 500 could rise to 6000 points”. This would imply an approximate 5% increase from current levels.However, Wilson also warned that this enthusiasm may wane with the arrival of 2025, as there are no clear catalysts in sight.
After a strong rally, Bitcoin is on the verge of breaking its record high of nearly $74,000 set in March.On Tuesday, Bitcoin surged to $73,564 in the New York market but fell back below $73,000 during early trading on Wednesday. $MicroStrategy(MSTR)$ outperforms Bitcoin ytd.