Following Nvidia's earnings report on May 22, the AI stock surged nearly 20% in three days, a move that historically would have lifted the) or NVDA rising 20% in 3 days, either the shares were not yet a top 5 weight stock in the S&P 500 or those rallies moved the S&P 500 higher in tandem,” Evercore analysts wrote.The divergence is particularly striking given Nvidia's high correlation with the S&P 500, which stood at 0.
This, according to Evercore, further reinforces the notion of a"stockpicker's market." Historically, such troughs in correlation have led to significant market corrections, yet the recent period has been an exception. The 3-day surge of NVDA while the S&P 500 fell “is a catalyst for greater movement at the S&P 500 level ahead of other event catalysts,” continued Evercore analysts. These catalysts include the upcoming Trump trial verdict, core PCE inflation report, Nvidia’s stock split, CPI report, and the FOMC meeting next month.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
ソース: CNBC - 🏆 12. / 72 続きを読む »
ソース: Investingcom - 🏆 450. / 53 続きを読む »