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Beware as Nvidia and other stocks approach ‘trough of disillusionment' over GenAI, warns this analyst
NvidiaNvidia(US:NVDA) Market Watch·2024-01-03 06:51

Wall Street’s second day of 2024 is starting like the bumpy first day, as stock index futures drop, led by technology stocks.Steve Eisman, of “Big Short” fame and now portfolio manager at Neuberger Berman, told CNBC that he’s worried “everybody is coming into the year feeling too good.” Note, technology is one area the manager favors for 2024, with some Wall Street banks also hoping for more of what they saw in 2023. That may partly explain why Apple and tech stocks got hit so hard by the Barclay’s advice t ...