‘NVIDIA is like Ford in the automotive revolution’ - Stoltzfus
‘NVIDIA is very much like Ford in the automotive revolution...and [their] growth is likely to continue as it changes the playing field for almost every industry,’ says John Stoltzfus, Chief Investment Strategist at Oppenheimer.
(AI Video Summary)
Discussing NVIDIA's impressive results
In this video interview, Angeline Ong introduces John Stoltzfus from Oppenheimer Asset Management as a special guest on IGTV's Trading the Markets. They talk about NVIDIA, a technology company that has had an astonishing growth and added $277 billion to become the biggest surprise in the market's history. Stoltzfus attributes this success to the rise of artificial intelligence (AI) and the identification of companies leading the way in AI development. He believes that the AI trend will continue, leading to gains in sectors like technology, consumer discretionary, industrials, energy, and healthcare.
While some people doubt NVIDIA's growth, Stoltzfus remains optimistic. He compares the impact of technology to the industrial revolution, emphasising how it greatly affects both corporations and consumers. Stoltzfus advises investors to diversify their portfolios by looking at the 11 sectors of the S&P 500 and identifying opportunities in areas like industrials, which are important for infrastructure upgrades and international markets.
Discussing the US economy's performance
The discussion then shifts towards the US economy. Ong mentions its strength and resilience, to which Stoltzfus agrees. He believes that the Federal Reserve, which manages the country's economy, will likely cut interest rates later in the year, contrary to what the market expects. Stoltzfus praises the Fed for guiding the market and successfully maintaining a resilient economy while managing inflation.
In conclusion, Stoltzfus is positive about the future of AI, the diversification potentials in various sectors, and the performance of the US economy under the guidance of the Federal Reserve. So, if you're looking to invest, it might be worth considering these trends and sectors as potential opportunities.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
