Nvidia Rivals Gold as Shield Against Inflation, Survey Shows
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2024
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Source: Bloomberg
- Tech Stocks vs. Gold as Inflation Hedge: Survey respondents view tech giants like Nvidia and Amazon as potential hedges against inflation, challenging gold's traditional role.
- Inflation Concerns in the US: Despite a decrease from 2022 levels, inflation remains a top concern for investors, with resurgent inflation cited as the biggest risk to financial markets.
- US Dollar as Preferred Haven Currency: The US dollar is overwhelmingly favored as the best currency for market turmoil, surpassing the Swiss franc and Japanese yen.
- Gold Demand and Geopolitical Unrest: Gold prices have risen due to demand from sources like the People’s Bank of China, amid efforts by countries to diversify away from the dollar post-Russia's asset confiscation.
- Survey Insights and Economic Resilience: The MLIV Pulse survey reflects investor sentiments on recession risks, tech stock performance, and the impact of the Fed's monetary policy on the economy.
Analyst Views on JPY
Wall Street analysts forecast JPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 33.345
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Current: 33.345
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
