A frenzy over artificial-intelligence technology has stoked a monster run in Nvidia shares. The S&P 500 has returned more than 10% annually, including dividends, according to data from Ned Davis Research going back 100 years. The S&P 500 has climbed 7.7% to start 2024 and has notched 15 closing records in the process. Nvidia shares have led the way, up 66% after more than tripling last year. “Before, we weren’t quite in a bull market until a couple months ago," says Speegle, whose portfolio is up 3% this year.

Source: Wall Street Journal March 03, 2024 09:43 UTC