The survey shows that some people see NVIDIA as an inflation hedge tool comparable to gold
2024-05-13 00:38:01
Some respondents in the agency's latest survey said the nation's biggest tech stocks are not just a bet on innovative industries, but could be a hedge against inflation. Forty-six percent of respondents said gold, which has been a safe haven for decades, is still seen as the best protection against the risk of rising prices. But nearly a third said tech giants are their top choice. The reaction highlights the dominant role that companies such as Nvidia, Amazon and Meta are playing in the U.S. financial marekt as they expand their influence over major sectors of the economy. This has allowed them to generate steady profits, sparking a rally that has convinced investors they will continue to be a source of steady earnings.
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