'Weaponized FOMO' has been a theme of market rally, Nvidia

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 34 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Nvidia News

Steve Sosnick,Market Rally,Interactive Brokers

Shares of Nvidia (NVDA) are rebounding in Tuesday's session after a three-day sell-off. Interactive Brokers Chief Strategist Steve Sosnick joins Market...

"It's Nvidia's market and we're all just trading in it," Sosnick explains. He notes how Nvidia has been spearheading the tech sector's growth . While the tech sector's rally may spark concerns, he notes that its recent dip isn't a problem"because of end-of-the-quarter factors making it more of a rotation."

I mean, realistically, um it's been dragging us higher and, you know, you could see now we're in a bit of an interesting little cycle where, where the, the index, you know, if you look at, if you look at the major industries and I'll define them as S and P 500 NASDAQ 100 they move with NVIDIA and you know, yesterday, for example, they sold off not, you know, S and P not in a major way because the difference was the advancers on the nyse outpaced decliners 2 to 1 today.

These are, you know, so the argument will go our biggest, most innovative dynamic, disruptive companies out there, of course, they should be leading, they should be leading.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia's shares surge over 5% after $430 billion market slumpShares of Nvidia were up over 5% on Tuesday, poised to snap a three-session tailspin that had erased about $430 billion from the artificial intelligence...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia’s shares surge again after US$430-billion market slumpArtificial intelligence chipmaker is poised to snap a three-session tailspin
Source: globeandmail - 🏆 5. / 92 Read more »