4.7 • 5.8K Ratings
🗓️ 23 February 2024
⏱️ 63 minutes
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0:00.0 | The easy to use cloud-based business management software for every aspect of your business. |
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0:21.6 | Today's podcast is also sponsored by Factor. |
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0:36.1 | gold Peter 50 to get 50% off. Well it may be 20 2024 but Wall Street is certainly partying like it's 1999. |
0:49.7 | You know one of the differences might be that the leadership in the current rally is even more narrow |
0:56.7 | than it was back then. |
0:58.8 | You know, I think today really typified the absurdity of this bubble where the Dow and the S&P were led to new highs by |
1:10.9 | NVIDIA, right? the poster boy of the Magnificent Seven, |
1:17.1 | although maybe a couple of them are not quite |
1:19.2 | as magnificent anymore, but at least five of them, |
1:22.2 | I think, are moving. |
1:25.0 | But of course, it is the go-to AI stock. |
1:32.0 | They make all the |
1:32.5 | the GPUs that Meta is buying and Google is buying and |
1:37.0 | Microsoft is buying. |
1:38.5 | Yet those stocks, look at Meta. |
1:40.0 | Meta was up 4% today. |
1:41.8 | It's spending all that money that NVIDIA is making. |
1:45.8 | NVIDIA though, up I think 18% if you look at the after hours gain, I think it was a record appreciation the increase in the market |
1:57.8 | cap in a single day in in meta stock I think it was about 260 billion dollar increase in the in the market |
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