“What we think happens more broadly is an acceleration of a trend already underway, where the bulk of Corporate America is utilizing the technology as a way of better managing their business on a real-time basis, which actually means less earnings volatility and probably even less cyclical volatility,” he said.
The excitement about artificial intelligence was a key pillar of the stock market’s rally this year, turning Nvidia into the best-performing stock in the S&P 500 index as the share price tripled on the back of sales of its high-powered computer chips to companies investing in the technology. To start the week, the S&P 500 was headed toward its first back-to-back gain this month, with Nvidia among the top drivers of the advance.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »