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Economy

bucolic_frolic

(48,394 posts)

1. Tech and speculative shares are surging on good earnings, AI, and lower inflation

Reply to Tansy_Gold (Original post)

Mon Jul 31, 2023, 08:07 PM

Jul 2023

Defensive stocks got hammered.

AI is enticing growth. NVDA expects a 50% increase in business over the next few years due to AI chips. This from WealthTrack, last Friday evening. Uber, Palantir up too. SOFI, the online & app bank with student loan exposure, beat earnings. Banks were supposed to go sour. YouTube gurus screaming about it for weeks.

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STOCK MARKET WATCH -- Tuesday, 1 August 2023 [View all] Tansy_Gold Jul 2023 OP

Tech and speculative shares are surging on good earnings, AI, and lower inflation bucolic_frolic Jul 2023 #1