The Department of Justice has contacted Nvidia relating to the company’s more than 80% market share of the burgeoning AI chip industry.
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But the money supply is finally growing again, and its growth is accelerating. In April and May, the M2 money supply grew 0.6% year over year. That climbed to 1% in June and 1.3% in July.
He explains that Nvidia, Apple (AAPL), and Microsoft (MSFT) — who control over 6% of the index — "those companies are going to be important to index price action and I think you're seeing that today.