Shares & the stockmarket

The S&P 500 at new all-time highs and eyes are on NVIDIA

NVIDIA earnings are once again in focus as investors look for confirmation that the AI-driven rally in US stocks can continue.

In this video, Russ Mould examines the latest results from the Magnificent Seven — including NVIDIA, Amazon, Alphabet, Apple, Meta, Microsoft, and Tesla — and explains why investors remain enthusiastic despite mounting concerns around cash flow, capital spending, and balance sheet risk.

Key topics covered:

  • Why the S&P 500 continues to hit record highs
  • The impact of AI spending on US tech stocks
  • NVIDIA earnings expectations explained
  • What weakening free cash flow could mean
  • Why buybacks are slowing across Big Tech
  • Risks investors should monitor in AI stocks

The Magnificent Seven have delivered another remarkable earnings season, but rising capital expenditure and growing competition are creating important questions for long-term investors.

Explore investing guides in the AJ Bell Learn hub.

Shares & the stockmarket

Related videos:

View all