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"Economist: "Many were probably on tenterhooks""

Nvidia has been the symbol of AI hype - one of the most important drivers of the past year. Therefore, expectations were high for the quarterly reports. As a result, the stock market was heavily influenced.

» Updated: 29 August 2024, 09:29

» Published: 28 August 2024

"Economist: "Many were probably on tenterhooks""
Photo: Janerik Henriksson/TT

The company exceeds expectations in terms of revenue, profit, and future prognosis, and yet the stock falls. It's as if the market wants to see a landslide at every report, says Frida Bratt, savings economist at Nordnet.

Interest in tech stocks has been record-high in recent years, with AI as the driving force, but among investors, a growing nervousness is emerging about what AI can generate in terms of profitability.

There were probably many who were on pins and needles. If this quarterly report had not been in line with expectations, perhaps the AI hype would have been questioned, considering the high investment costs, says Frida Bratt.

Even for Swedish small investors, positive trends on the New York stock exchange can have significance.

Many own Nvidia stock directly, it is included in many funds, so the report certainly has the potential to affect the stock market mood at large, says Frida Bratt.

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By TTThis article has been altered and translated by Sweden Herald

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