Bears:'markets gonna crash!' IA Intelligent Analysis: 'NO' (Patreon)

Bears STILL IN DISBELIEF - NASDAQ hits 2 year high and an inch away from all time highs

This time is different as I say - this is all tech and AI

The Nasdaq 100 Stock Index closed at its highest in nearly two years, driven by strong performances in tech stocks and optimism about the Federal Reserve's ability to achieve a soft landing for the economy.

Key contributors to the Nasdaq's recent surge include chipmakers such as NVDA, AMD, INTC, MSFT. 

The tech sector rebounded in November, overcoming previous concerns about slowing economic growth and US-China tensions, fueled by hopes that the Federal Reserve will halt rate hikes and a recession can be avoided.

Significant interest in artificial intelligence, especially in companies like Microsoft Corp. and Nvidia Corp., has propelled tech stocks, with AI expected to become a major profit driver across various industries.

Standout performers include Nvidia, with a sharp rise in anticipation of its earnings report, and Microsoft, which has seen substantial gains following positive earnings influenced by its association with ChatGPT-owner OpenAI.