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Nvidia Saved the Rally
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Nvidia saved the rally. The most talked about stock in the world reported earnings Wednesday. As I wrote last week, Nvidia and AI have become more important than the Fed; At least to the Market.
Expectations were sky high. Nvidia delivered, and then some. It was another blowout quarter for the company that's powering AI. Nvidia had already grown revenue by over 200% and earnings over 400% in a year. Nvidia's stock has been a rocket ship for the innovation trade. The stock has soared 60% already in this young year. It hit $800 for the first time.
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