European markets are expected to tick higher Monday as traders search for direction on what's likely to be a quiet day for markets.U.K. markets are closed for the late May bank holiday, while stateside, U.S. markets are also closed for Memorial Day.Elsewhere, the EU Foreign Affairs Council will meet Monday to discuss issues including the ongoing Russian-Ukraine war and tensions in the Middle East. And French President Emmanuel Macron will continue his state visit to Germany.
"While there was some angst last year over heavy concentration in Big Tech stocks, the market has broadened out significantly in recent months," Mayfield said. Wall Street is still mostly bullish on Nvidia. But investors who are worried about being overexposed to Nvidia or who want to make their portfolios more balanced could consider replacing their Nvidia allocation or complementing it with other growth stocks with a low correlation to the chipmaker.has rallied 15% week-to-date. The stock has surged following its better than expected quarter earnings report on Wednesday, which indicated ongoing strong demand for its artificial intelligence chips.
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