{"id":14319,"date":"2023-05-26T16:58:58","date_gmt":"2023-05-26T20:58:58","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/how-the-ai-boom-can-affect-your-money-and-your-career\/"},"modified":"2023-05-26T16:58:59","modified_gmt":"2023-05-26T20:58:59","slug":"how-the-ai-boom-can-affect-your-money-and-your-career","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=14319","title":{"rendered":"How the AI boom can affect your money and your career"},"content":{"rendered":"
\n

Even before Nvidia
\n NVDA,
\n +2.54%<\/bg-quote>
\n jolted investors by predicting a 50% sequential increase in quarterly sales, shares of the largest technology companies had been roaring back following a dismal 2022. <\/p>\n

Here\u2019s a quick summary of the action this year through May 25 of total returns with dividends reinvested for the five largest companies in the S&P 500
\n SPX,
\n +1.30%<\/bg-quote>
\n by market capitalization plus Facebook holding company Meta Platforms
\n META,
\n +3.70%<\/bg-quote>,<\/span>
\n followed by the same information for four market indexes:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Index or company\u00a0<\/strong><\/p>\n<\/td>\n\n 2023 total return<\/strong><\/p>\n<\/td>\n\n 2022 total return<\/strong><\/p>\n<\/td>\n\n Return since the end of 2021<\/strong><\/p>\n<\/td>\n\n Return on May 25<\/strong><\/p>\n<\/td>\n<\/tr>\n
\n Apple Inc.\u00a0
\n AAPL,
\n +1.41%<\/bg-quote>\n <\/td>\n		\n 34%<\/p>\n<\/td>\n\n -26%<\/p>\n<\/td>\n\n -2%<\/p>\n<\/td>\n\n 1%<\/p>\n<\/td>\n<\/tr>\n
\n Microsoft Corp.\u00a0
\n MSFT,
\n +2.14%<\/bg-quote>\n <\/td>\n		\n 37%<\/p>\n<\/td>\n\n -28%<\/p>\n<\/td>\n\n -2%<\/p>\n<\/td>\n\n 4%<\/p>\n<\/td>\n<\/tr>\n
\n Amazon.com Inc.\u00a0
\n AMZN,
\n +4.44%<\/bg-quote>\n <\/td>\n		\n 37%<\/p>\n<\/td>\n\n -50%<\/p>\n<\/td>\n\n -31%<\/p>\n<\/td>\n\n -1%<\/p>\n<\/td>\n<\/tr>\n
\n Nvidia Corp.\u00a0
\n NVDA,
\n +2.54%<\/bg-quote>\n <\/td>\n		\n 160%<\/p>\n<\/td>\n\n -50%<\/p>\n<\/td>\n\n 29%<\/p>\n<\/td>\n\n 24%<\/p>\n<\/td>\n<\/tr>\n
\n Alphabet Inc. Class A\u00a0
\n GOOGL,
\n +0.92%<\/bg-quote>\n <\/td>\n		\n 40%<\/p>\n<\/td>\n\n -39%<\/p>\n<\/td>\n\n -15%<\/p>\n<\/td>\n\n 2%<\/p>\n<\/td>\n<\/tr>\n
\n Meta Platforms Inc.
\n META,
\n +3.70%<\/bg-quote>
\n \u00a0<\/p>\n<\/td>\n		\n 110%<\/p>\n<\/td>\n\n -64%<\/p>\n<\/td>\n\n -25%<\/p>\n<\/td>\n\n 1%<\/p>\n<\/td>\n<\/tr>\n
\n S&P 500\u00a0
\n SPX,
\n +1.30%<\/bg-quote>\n <\/td>\n		\n 8%<\/p>\n<\/td>\n\n -19%<\/p>\n<\/td>\n\n -13%<\/p>\n<\/td>\n\n 1%<\/p>\n<\/td>\n<\/tr>\n
\n S&P 500 Information Technology
\n SP500.45,
\n +2.68%<\/bg-quote>
\n \u00a0<\/p>\n<\/td>\n		\n 30%<\/p>\n<\/td>\n\n -29%<\/p>\n<\/td>\n\n -7%<\/p>\n<\/td>\n\n 4%<\/p>\n<\/td>\n<\/tr>\n
\n Nasdaq Composite Index\u00a0
\n COMP,
\n +2.19%<\/bg-quote>\n <\/td>\n		\n 21%<\/p>\n<\/td>\n\n -33%<\/p>\n<\/td>\n\n -19%<\/p>\n<\/td>\n\n 2%<\/p>\n<\/td>\n<\/tr>\n
\n Nasdaq-100 Index\u00a0
\n NDX,
\n +2.58%<\/bg-quote>\n <\/td>\n		\n 27%<\/p>\n<\/td>\n\n -33%<\/p>\n<\/td>\n\n -15%<\/p>\n<\/td>\n\n 2%<\/p>\n<\/td>\n<\/tr>\n
\n Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Click on the tickers for more about each company, index or sector.<\/p>\n

Click\u00a0here\u00a0for Tomi Kilgore\u2019s detailed guide to the wealth of information available for free on the MarketWatch quote page.<\/p>\n

The far right-hand column shows performance on May 25, when Nvidia shares shot up 24%.<\/p>\n

All six stocks have soared this year, but only Nvidia has made up for last year\u2019s brutal decline for the tech sector, as rising interest rates have pushed the broad stock market down. Even with a 37% gain in 2023, Amazon.com\u2019s
\n AMZN,
\n +4.44%<\/bg-quote>
\n shares are down 31% since the end of 2021.<\/p>\n

Nvidia CEO Jensen Huang said his lofty revenue expectations were tied to the company\u2019s \u201ckiller app,\u201d by which he meant graphics processing units used in data centers that support companies deploying artificial intelligence to enhance their products and services.<\/p>\n

In an interview with Therese Poletti, Nvidia CFO Collette Kress further backed Nvidia\u2019s sales target.<\/p>\n

Here is a sampling of coverage of Nvidia\u2019s blowout guidance and related topics:<\/p>\n