Wharton Professor Jeremy Siegel believes AI stocks could be overvalued but unpredictable in the short term, with momentum carrying values beyond fundamentals; contrasted with previous dot-com boom as current AI companies have earnings. Siegel suggests S&P 500 could benefit from banking turmoil as mega-cap tech stocks provide credit, with top 8 or 9 companies accounting for gains this year, including chip-maker Nvidia's blowout earnings.
Taiwan's Asus launches AI servers for on-premises use. The AFS Appliance uses Nvidia's A100 chips, making it secure for sensitive industries like healthcare and banking. A global rollout is expected later this year.
Nvidia dominates the AI sector thanks to its end-to-end solutions, hardware, and software control. Its founder is hailed as a visionary, giving them the edge in autonomous vehicles and unconventional apps. The stock's 25% rise confirms their position as a significant player for years to come.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?