JSE improves but Thursday’s global rally peters out
Nvidia’s results on Thursday rekindled faith that breakthroughs in AI would boost profits
23 February 2024 - 10:56
The JSE was slightly firmer on Friday morning, with its global peers mixed as a rally driven by strong earnings results in Nvidia ran out of steam.
Stock markets rallied on Thursday after Nvidia’s results rekindled faith that breakthroughs in artificial intelligence would boost profits and give stock prices further room to run. At the same time, Nvidia’s shares added about $277bn in market capitalisation on Thursday, surpassing the $197bn gain made by Facebook-parent Meta at the start of February, Bloomberg reported...
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