Nvidia delivered beyond the already high expectations for its earnings yesterday.
This shows that AI is more than just hype – it’s a real megatrend that’s just getting started.
I write more about Nvidia and AI in today’s newsletter – but not in the way you might think.
Chart of the Day
This is the market’s recent performance broken down by timeframe and sector.
Notice that, by far, the strongest performance has been in energy – a sector that strongly underperformed in 2023…
And that technology has actually been one of the weakest performing sectors?
The point I’m making isn’t that you should avoid tech and go into energy instead.
I explain more in the Insight of the Day.
Insight of the Day
We’re often so focused on what captures the most attention – that we neglect to look at the data and see where the actual opportunities are.
Yes, Nvidia is one of the most important stocks to watch right now. And AI’s impact on the stock market will only continue to grow.
But we often get tunnel vision when it comes to the “hot” topic of the day – Nvidia and AI…
That we overlook the real opportunities staring us right in the face.
A prime example of this is the consolidating pattern the market is in right now – a pattern that’s even more pronounced in many stocks (that you’ve probably never heard of).
This pattern has created some of the biggest and fastest stock gains I’ve ever seen – but it won’t last for much longer.
The reason this pattern is so effective is because it’s a powerful indicator of institutional money – the real power behind huge market moves.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
