, Columnist
There Is Nothing Nvidious About UK Assets as Election Looms
If Rishi Sunak thought things would get better, he should’ve waited. Going to the polls early suggests he expects them to get worse.
Things can only get better. Or not.
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
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Yesterday, Points of Return revealed that the share price of Nvidia Corp., the world’s dominant maker of chips used in artificial intelligence, has historically moved an average of 8.9% up or down after reporting first-quarter results. And indeed it gained 7.8% in after-hours trading following this year’s. That would raise its market cap by $182 billion — equal to Texas Instruments Inc.’s entire market value, and 2.5 times the gross domestic product of Ghana.