STOCK MARKET BLOG FEBRUARY 2024

by the CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS AG

MONTHLY REVIEW

The international stock markets ended the month of FEBRUARY with gains.

DRIVING FACTORS

Positive data on the health of the US economy. These fuel the hope that companies and consumers will be able to cope with the high interest rates well overall and that there will be no threat of recession for the time being.
Strong large-cap earnings and good economic data from the US continue to provide optimism.
Tech companies are benefiting from the hype surrounding artificial intelligence.

EQUITIES IN FOCUS

NVIDIA business continues to benefit from the AI boom

The boom in artificial intelligence continues to drive strong growth for the chip company Nvidia. In the last quarter, sales of $22.1 billion were more than three times higher than a year earlier. Analysts on average had expected $20.4 billion. The shares temporarily rose by more than eight percent in after-hours US trading.

With sales of $18.4 billion, business with technology for data centers was five times higher than in the corresponding quarter of the previous year. The Nvidia technologies, originally developed........

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