Stock markets continue to rise, buoyed by the prospect of an economic supercycle fueled by artificial intelligence and interest rate cuts. Investors are now hanging on every word from Nvidia CEO Jensen Huang, whose influence is increasingly resembling that of major central bankers.
Technology stocks also returned to normal. The Nasdaq 100, led by the great AI guru Jensen Huang, the head of Nvidiabroke through the 25,000 point mark at the close of trading. When asked for the 11,000th time this year about demand for his AI chips, Huang replied that it was - quote - "really, really strong". We will probably only have to sound the alarm when Huang stops doubling his adjectives in interviews. Until then, Nvidia's market capitalization is almost 4.6 trillion dollars - 700 billion more than the next closest competitor Microsoft.
