You might start with three companies that have risen to prominence and notoriety in the past few years: Nvidia, Bitcoin and Tesla. So, let’s say you hopped in that time machine and it carried ...

Hedge fund Viking Global Investors is shifting its sector focus and signaling a possible hesitation towards Big Tech in the market.

Tesla also introduces its D1 chip, which the automaker says it will use — alongside Nvidia’s GPU — to power the Dojo supercomputer. Tesla notes its AI cluster will house 3,000 D1 chips.

More specifically, the Magnificent 7 — Tesla, Meta, Microsoft, Apple, Amazon, Alphabet and Nvidia — were responsible for more than half of the S&P 500’s (^GSPC) 25% return in 2024.

They also power large language models, which is why the rise of generative AI has made Nvidia the most valuable company on the planet. Even Tesla buys Nvidia GPUs to train its AI (more on that later).