Nvidia earnings highlights AI powerhouse that will fuel new tech bull market: Analyst Dan Ives says

Nvidia (NVDA) reported its fourth-quarter earnings after Wednesday's market close, surpassing Wall Street expectations, and turning the stock around after shares were previously dropping. Already a leader in the semiconductor category, Nvidia's strong earnings have most likely set the stage for the AI race in 2024.
Wedbush Securities Managing Director and Senior Equity Analyst Dan Ives and Paul Meeks, Harvest Portfolio Management Co-CIO and The Citadel Finance Professor, join Yahoo Finance to discuss Nvidia's earnings and the AI-momentum for the tech sector.
When asked about potential risks for Nvidia, Ives responds: "You look at CapEx in Big Tech, the strong is getting stronger. When you look at Microsoft (MSFT), they're still in acceleration mode. So that's just not a worry for at least the next 12, 15, 18 months. And remember, you haven't even had the consumer piece start to come in. That's why I believe it's a 1995 moment... Right now, I think the big focus is second, third, fourth derivatives. The Godfather [CEO Jensen Huang] spoke, who else benefits? That's why I believe this AI party is just getting started."
When asked about OEMs (original equipment manufacturers) who may benefit from this momentum, riding the coattails of Nvidia, Meeks responds: "I don't necessarily see that much of a play in some of the hardware OEMs. I think we continue, for some time, at least the rest of this calendar year, maybe through next year, with a build-out of large language models and the inference from those models. And so I see opportunities, maybe in hardware, something like a Super Micro (SMCI) that was hammered hard in the anxiety heading into Nvidia's print..."
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[Vinnie-ngzx]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[weho_brian]

take a shot everyime you hear "Godfather of AI"

[kuniouemura]

Nvidia (NASDAQ:NVDA) record earnings! Retains BUY rating! Loading up! 🚀🤑
WOOHOO!

[Koushi]

So only use ai is is scamming Publix and stealing as a use case worthless

[phattang]

All the world only one my owner, no one can get my money, they ate stealers, stopped everyone