META - AI In Focus Ahead Of Nvidia's Earnings Assessing AIO's Outlook

2024-02-18 19:50:14 ET

Summary

• NVIDIA's shares have been performing well, up over 40% this year, and its earnings report will impact the AI theme.
• The Virtus Artificial Intelligence & Technology Opportunities Fund offers diversification and exposure to AI.
• AIO has a concentrated tech and healthcare portfolio, reasonable valuation, and potential for a bullish breakout to $25.
• I outline key price levels to monitor during what is often a rocky stretch of the calendar.

AI has been all the rage so far this year. Shares of NVIDIA ( NVDA ) have been on fire, up more than 40% in 2024 and +230% YoY, while the latest speculative stock of the day is Super Micro Computer ( SMCI ). Investors will get new information this week when the world’s third most valuable publicly traded company reports results on Thursday. How NVDA trades post-earnings will play a key role in how the AI theme unfolds as we head into the tail end of Q1. ...

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