NVDA - 5 Reasons Why This Bull Market Looks To Be Promising

2024-01-23 10:29:14 ET

Summary

• The market-cap weighted S&P 500 has reached new all-time highs, signaling the beginning of a potentially historic bull market run driven by artificial intelligence.
• Factors such as low unemployment, strong consumer spending, and wage gains contribute to the positive outlook for stocks.
• The promise of AI and its potential for monetization by various companies further supports the bullish thesis.
• Let's examine 5 top reasons why we think this bull market looks to be awesome as we detail some of the risks as well.

By Brian Nelson, CFA

We've just hit new all-time highs on the market-cap weighted S&P 500 ( SPY ), and we think this is the beginning of what could be one of the biggest bull market runs in stock-market history. In particular, we're pointing to the area of artificial intelligence [AI] as the key catalyst to drive stocks higher, and if we had to point to a historic analog, we'd say we're just like we were in the mid-1990s, ready to make a huge multi-year run similar to the dot-com boom. Back then, investors were just getting a taste of the Internet, and today, investors are just finding out what a game-changer AI will be. We think investors should continue to stay aggressive in the current market environment....

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