Shesa's APRIL 2024 Invesmtent Blog
APRIL 2024 - INVESTMENT BLOG By Shesa Nayak U.S. Stock Market Update The stock market continue its run this year lead by Artificial Intelligence (AI) related semiconductor stocks and hope for interest rate cut. During the March FOMC interview the Federal Reserve Chairman Jerome Powell made a bold statement saying “despite the recent bump up in inflation, the Fed still forecasts three rate cuts before the end of the year ”. This statement further ignited the stock market. All U.S stock indexes have hit their all-time highs. Nvidia stock has/had a phenomenal run. It took Nvidia 24 years to reach a valuation of $1 trillion but took only 8 months to reach $2 trillion market capitalization from $1 trillion. I keep hearing that many AI stocks are in bubble. Well, there may be some bubble in a few stocks but most of the big companies have supported with their earnings and provided positive future guidance. And that’s the reason they are leading the market. Meanwhile it has ...