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The Zacks Analyst Blog Highlights NVIDIA, Micron Technology, Super Micro Computer, Dell Technologies and Amazon.com [Yahoo! Finance]
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Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Wall Street is set to close a successful first half of 2024 after an impressive 2023. Aside from large-cap stocks, mid caps have also performed well year to date. Though the rally is primarily driven by generative artificial intelligence (AI), several old-economy stocks have also flourished. The bull run is expected to continue in the second half supported by a resilient U.S. economy, a declining inflation rate, solid earnings results, and Fed's indication of at least one rate cut of 25 basis points this year and a full 1% cut in the benchmark interest rate in 2025. Meanwhile, several stocks with strong exposure to AI, have skyrocketed year to date. These stocks have helped the broad-market index — the S&P 500 — to post 31 all-time highs this year and the tech-heavy Nasdaq Composite to surge nearly 18.5% after jumping 43.4% in 2023. Both indexes are currently trading near their all-time highs. A section of market participants is now skeptical about the continuity of the AI fren
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