Reported 2 months ago
In the current earnings season, the tech and chip sectors are experiencing a volatile market, with some companies reporting strong results yet seeing declines in stock prices. Harvest Portfolio Management's Paul Meeks suggests that investment in AI capital expenditures is a crucial factor, particularly noting that firms like Nvidia are likely to benefit significantly. As Meeks refrains from making further tech investments until the season wraps up, he emphasizes the uncertain nature of the market.
Source: YAHOO