CNBC
•76% Informative
Nvidia's massive fiscal first-quarter earnings helped quantify the phenomenon as the firm nears an elite cast of tech leaders with $1 trillion market valuations.
The company guid $11 billion xpecting $11 b the current quarter the current quarter, largely driven by its leaders AI p position in the AI chip-supplying business.
The lop Thursday rket reaction served as a reminder of a stratified economy in which technological benefits tend to spread slowly.
Analyst: "AI is real, AI is not a fad and we're only in the early innings".
We think this trend will continu AI given their ability to leverage their global scale and large competitive moa Nvidia n utilizing fiscal first-quarter hnology," DataTrek co-founder Nicholas Colas wrote.
Without the Big 7 stocks the S&P 500 wou $1 trillion r all of its 8% gain this year. Silicon Valley th AI StreetAI > CNBCSteve Blitz class=" U.S. aryFeed_highLi TS Lombard xlGi">UBS the next three to six months pan> 8% the next three to six years highLightText__NxlGi">Art Cashin Blitz LightText__NxlGi">US Nicholas Colas DataTrek AI OpenAI t__NxlGi">58% Nvidia seven AI n class="summaryFeed_highLightText__NxlGi this coming decade n class="summaryFeed_highLightText__NxlGi">2023 UiPath, Pagaya Technologies and Exscientia AI n> Blitz an class="summaryF U.S. highLightText__NxlGi">Quarterly 6.2% Intel Nvidia AI aryFeed_highLightText__NxlGi">AI
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