To: Johnny Canuck who wrote (59217 ) 5/14/2024 12:04:08 PM From: Johnny Canuck Read Replies (1) | Respond to Nvidia stock is the new goldInvestors are turning to big tech stocks as a hedge against inflationLaura Bratton Bloomberg Markets Live Pulse Survey said they are turning to tech stocks, not gold, to shield themselves from inflation. And leading that pack is AI chipmaker Nvidia .Nvidia exceeded analysts’ earnings expectations in February, reporting revenues of $22 billion in its fourth quarter — up almost 270% from the previous year. The chipmaker’s highly desired H100 GPUs, or graphics processing units, have propelled the company to success amid a race to develop powerful generative AI models. And Nvidia became the first chipmaker to reach a $2 trillion valuation in February. The company counts Microsoft and Meta as its top customers.Facebook says it doesn't expect to get its hands on Nvidia's new AI chips this year Nvidia reports earnings today. 5 things to know about Wall Street's favorite chipmaker How the Property Brothers broke into flipping houses (most likely) dates back to 1971 but became popular in lieu of the Great Recession — even though gold prices are volatile and its short-term benefits are unconvincing . Central banks across the globe bought more gold in 2022 than any year since 1967, just as the Federal Reserve began a series of interest rate hikes to bring down inflation. Persistent inflation is a top issue facing Americans in 2024, and elevated prices have delayed anticipated rate cuts from the Fed.-Britney Nguyen contributed to this article.
