However, a month later, most of these concerns have been alleviated, with the S&P 500 Index reaching an all-time high due to robust corporate profits. This strong earnings season for big tech has largely dispelled fears about the sustainability of the AI boom.
Key takeaways:
- Nvidia Corp., a leading AI chipmaking company, is set to report its earnings and provide a much-anticipated outlook.
- Investors were initially nervous about technology companies' earnings reports, questioning whether the AI boom had been overextended.
- There were concerns about whether these tech companies could meet the high expectations set for them.
- A month later, most of these concerns have been alleviated, with the S&P 500 Index reaching an all-time high due to strong corporate profits.