This has been quite the stock market. Think about its resilience over the past 15 years. From worries about hyperinflation amid quantitative easing, to the Powell Pivot of 2019, through the panic of pandemic shutdowns to the Fed’s rate-hike campaign — despite test after test, the market has emerged intact.
But this artificial intelligence bubble could be something else entirely. Like everyone, I am nervously awaiting Nvidia’s earnings release after the market close Wednesday, expecting very good things. But there also may be indications that the chipmaker’s breakneck revenue and earnings growth is about to stall. The big question: How to play this? Warren Buffett’s asset sales might be the best clue.