Given the market’s resiliency and ongoing enthusiasm for artificial intelligence, it might seem silly to snatch defeat from the jaws of victory. Unlike earlier this year, when more stocks were joining the party, megacap tech stocks are firmly back in the driver’s seat. Nvidia’s ascendancy has been an integral part of the market’s new highs.
At a Fortune conference in 2018, the tech CEO said “there’s no point in starting a company unless you want to make a meaningful contribution to society.”
It's no secret that AI bullishness has pushed many stocks higher in 2024, a list that includes several S&P 500 members such as Super Micro Computer, Constellation Energy, and Nvidia.