Despite the rapid rise in stock price, Rasgon considers Nvidia's multiples to be highly attractive, making it one of the cheapest ways to invest in the AI theme in the space.
The U.S. stock market bids farewell to a truly unforgettable year, characterized by the artificial intelligence revolution, which defied numerous gloomy forecasts made at the year’s outset.
All the major U.S. indices concluded the year either at or near unprecedented highs, driven by a robust surge in the final two months of 2023.
The bond market is mirroring the behavior of meme stocks, drawing the spotlight from equities as fluctuations in US Treasury yields fuel a rally in the S&P 500 and Nasdaq.