As data has taken a backseat in driving markets, hype around AI and big tech has taken over. Is that a trend that will continue? Truist Chief Market Strategist Keith Lerner joins Yahoo Finance Live to discuss the tech sector, the outlook for tech, and what to watch with regard to earnings.
Lerner sees Nvidia (NVDA) as the key to watch for the tech industry. Lerner said, "The big catalyst to be watching August 23 is Nvidia's earnings. That kicked off, like wow this AI is really potentially real for earnings. So they have a high bar to pass."
Lerner added, "Nvidia is capturing the majority of that AI earnings boom right up front. Where do we see the follow through from others? ... Those earnings may not be coming through right away. It's going to be a longer term process."
