The ChatGPT rally is still chugging along, and history suggests there is more upside, especially during the month of June.

Jensen To the Rescue

This morning in Taiwan, Jensen Huang took center stage and lived up to the hype in several areas. He talked about AI creating jobs in health, and dismissed the notion that AI would kill software.

Ironically, Huang made more forceful comments on the subject back in February, sparking a bounce that quickly fizzled out.  This time around, software (IGV) is on fire and has strong upside momentum.

Jensen Invades Laptops and Desktops

Nvidia (NVDA) is teaming up with Microsoft (MSFT) to provide what some are calling a “superchip.”  The news has a ton of names in the NVDA orbit higher this morning, including Arm Holdings (ARM), Oracle (ORCL), International Business Machines (IBM) and SAP.

Michael Dell changed his X photo to include the Dell Technologies (DELL) liquid-cooled Vera Rubin NVL72 server rack, noting it “Built for the next era of AI infrastructure.”

NVDA continues to set the pace and make huge moves that are the backbone of the AI evolution story, and so many names are benefiting.

Today Session

Major indices opened slightly lower this morning.

There will be lots of fresh economic data this week.

Additionally, while earnings season is slowing, there are some notable names reporting this week.

Tweet

 

Home | Products & Services | Education | In The Media | Help | About Us | Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.