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The Wealth Advisor

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The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Syntax Data: Quantifying NVIDIA’s AI Growth

(Syntax Data) NVIDIA’s stock price started the year at $143 per share and reached a peak of $493 on August 31st before ending the quarter at $435 per share, a gain of roughly 205% over the last nine months. NVIDIA and ChatGPT have been dominating the financial headlines as the Artificial Intelligence (AI) story has gone viral, but has NVIDIA’s seemingly overnight growth been as sudden as it appears?

Jamie Dimon: Fed Might Not Be Done

(Yahoo!Finance) JPMorgan Chase CEO Jamie Dimon said it remains possible the Federal Reserve could raise interest rates an additional 75 basis points due to "stickier" inflation, warning businesses should be prepared for such a worst-case scenario.

Speaking just hours after the Fed's decision on Wednesday to hold interest rates in a range of 5.25%-5.50%, Dimon said "I think they're right to pause here and see what happens," adding: "I suspect that they may not be done."