Broadening AI Rally and Bull Market Outlook

20 days ago

"Talk to us about the broader market because we are pausing in our Santa rally, but we still have a couple of days. We could make it up. We still have a couple of or maybe a couple Yes, couple of days until I think two days after January and it's looking good because the S&P is up 17% this year. We're entering our fourth year of the bull market. And I think if there's a thing to note this year, it's that the AI rally has broadened. Remember in the past years it's just Nvidia, Nvidia, Nvidia. Nvidia is now just the 71st ranking in the S&P 500. The very first are data companies that really benefit from this whole AI rally. I mean, they're companies not a lot of people have heard of. SanDisk, it's up 600%. Western Digital. We used to use SanDisk all the time back in the day."

The broader market remains bullish with the S&P up 17% and a prolonged bull market, while the AI rally is diversifying beyond traditional names like Nvidia to include lesser-known data companies.

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