STOCK MARKET BLOG MAY 2024

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

MONTHLY REVIEW

International stock markets ended the month of MAY with gains.

DRIVING FACTORS

The weaker US inflation in April is leading to somewhat faster US interest rate cuts.
The scenario of a " soft landing " is expected to be realistic, with growth and inflation cooling simultaneously.
Signals of a weakening of the long-robust US labor market have fueled expectations of interest rate cuts.

EQUITIES IN FOCUS

NVIDIA 's record run continues thanks to AI boom

The business of the chip company Nvidia continues to grow explosively due to the AI boom. In the last quarter, sales rose from 7.2 billion dollars in the previous year to 26 billion dollars - an increase of 262 percent. And demand remains strong: bottlenecks are looming for Nvidia's new chip systems well into next year.

Nvidia technologies were originally developed for graphics cards. But then it turned out that they were also ideal for the computing work involved in training applications with artificial intelligence. Nvidia's chips thus became a key technology for the future of AI - and the company ................................................................

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