00:00It's Benzinga bringing Wall Street to Main Street.
00:02Sid Correria of SC Marwar Capital said the market rally is driven by AI investment and
00:08earnings growth, but warned valuations are a little rich. Correria told CNBC that investors
00:14should not react to short-term noise and said markets look ahead despite geopolitical shocks.
00:20He said that about $800 billion in data center spending by major technology companies in one
00:25year is driving the market and represents one of the largest infrastructure buildouts in history.
00:30He also pointed to interest in IPOs including Anthropic, SpaceX, and OpenAI. He said S&P 500
00:38companies generated about $2.1 trillion in profits and $3 trillion in operating cash flow last year.
00:44He noted profits rose from about $1.2 trillion in 2019 and $600 billion in 2009. He said investors
00:53are paying a premium for growth as semiconductor stocks rise and questioned how much future
00:58growth is already priced in. For all things money, visit Benzinga.com.
Comments