Week of February 26, 2024
Two noteworthy developments came into sharp focus last week with noteworthy, long-term, global repercussions.
The first – the wonder called artificial intelligence (AI) as exemplified by the dramatic business success of Nvidia, the chipmaker powering AI and which announced its most recent financial results. The second – the death of Alexei Navalny, the Russian dissident who died in prison, likely at the direction of President Putin.
Which force prevails? We lean towards the former as it is sustainable whereas human longevity is finite.
Our Signals remain unchanged.
Bob Bilkie, CFA