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Nvidia (NVDA) and Microsoft (MSFT) have seen their stock prices skyrocket thanks to major investments and advancements in AI. Thanks to this impressive growth, it is likely to continue to dominate the S&P 500 (^GSPC). As they maintain their dominance, their earnings results can have a significant impact on the overall market.
Ken Mahoney, CEO of Mahoney Asset Management, joins Yahoo Finance to discuss the future earnings of major technology companies and how they serve broader markets that investors can’t afford to miss. Discuss what could have a major impact on
Regarding expectations for potential technology revenue results, Mahoney asserts: “We might be sold a little bit by the news reaction, but I think guidance will be key. The law of large numbers is incredible. So we’re talking about Nvidia.” As an example, revenue has doubled in the past 12 months and is expected to double in 2024 and 2025. This is the third time.” “Ken, I missed it. I missed it.” I hear this a lot. Well, the CEO at the epicenter of all this says it’s probably his second or his third. You might not want to be there until the ninth inning or overtime, but you’ve got a pretty long way to go. To make money similar to what we saw in the mid-1990s. ”
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor’s note: This article was written by Nicholas Jacobino
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