To The Moon

As we have seen how chip stocks announcement played out at the CES 2024, we can see $NVIDIA Corp(NVDA)$ and $Advanced Micro Devices(AMD)$ have been on an absolute tear over the last few days. Investors have put aside the bearish start of 2024 and begin to be bullish on the artificial intelligence (AI) megatrend. Both AMD and Nvidia manufacture specialized chips that help power data centers for multiple AI platforms. While Nvidia stock more than tripled in 2023, AMD stock gained 127.6% last year. If we looked at how the price trend have been set up, we can see that only Nvidia and AMD has shown potential upside so far from the chart below. Other chip developers did not enjoy such a boost after their c

The "Magnificent 7", composed of the seven most valuable American public companies, have a combined market value that is equivalent to the total stock markets of Canada, Japan, and the United Kingdom. These seven companies are $Amazon.com(AMZN)$ $Apple(AAPL)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Microsoft(MSFT)$ $Meta Platforms, Inc.(META)$ $Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$.According to data from Torsten Slok, chief economist at Apollo Global Ma