) to reclaim the top spot. Moor Insights & Strategy founder, CEO, and chief analyst Patrick Moorhead emphasizes that Nvidia's continued dominance hinges on"then this whole gravy train comes to a screeching halt."" investors should consider trimming some of their gains in these areas and reallocating into sectors like industrials, energy, and healthcare.
In addition, it's S and P rebalance day with the tectonic shift in apple versus in video holdings and video has been setting records for options activity and all in all.
And that is because you do tend to see a little bit of an opportunity to sell off and some of the biggest players in the stock market heading into a triple which day. And we do need to be very careful and look for what I call the precursors of something that could pull back. So what they're doing is they're enabling companies like H Pe Dell Technologies and pure storage and Lenovo to build that out.This is what it was all about.And it's interesting in your notes to us, you explained that this is a private cloud play how bullish of a signal is that for the chip sector in general, but specifically here for NVIDIA.
Yeah, some of the earlier data center uh chips that NVIDIA had, they might sell for 5 $10,000 a piece.Uh It's probably over 1000% gross margin, but the longevity here, so you've got co two levels of competition first. But anyway, all these things considered Patrick, it's been one of the most overcrowded or de facto as Goldman Sachs has called it A I trades here.
And we see, keep seeing positive news coming out from NVIDIA with its partners, Patrick Moorhead, who was the more insights and strategy founder, Ceo and chief analyst, Patrick.Sarepta shares surging after receiving expanded us approval from the FDA for its muscular dystrophy drug Yahoo Finance's Angelique Kani has all the details on this one.
And this is coming from Gilead seeing some really positive results from early trials with regards to an HIV drug.It's a twice yearly shot, uh has proven 100% efficacious in women in a study, a late stage study in Africa that's for women and adolescent girls. We've got the analyst behind it in this hour and stay tuned for our 10 a.m. hour of catalysts where we'll bring you a day in the life of Boston fed President Susan Collins, you won't want to miss it.
I've already seen a lot of the promotional elements going on, uh, around, uh, Cindy mclaughlin who of course is with new balance.I mean, golf is the one area where I think the US with their own kind of annexation to apparel has missed the mark.But anyway, all these things considered, it's because Ralph Lauren didn't want that contract um because of a Ryder Cup debacle.
The company is saying in a statement that headwinds due to quote widespread inflationary pressures, higher interest rates and tighten lending standards continued to impact sales.Um, ultimately, they bought 314,000 vehicles from consumers and dealers that was actually lower.They said that was impacted by lower year over year seasonal appreciation here.It was kind of a pick what data point you want to prove your narrative print.
You can see that over the past three months is down 14% year to date down just 7% after having a little bit of a run over the March and April months there.Of course, after originally plunging on news of its plans for a one for 30 reverse stock split, the move set to go into effect after the market closed on June 24th shares of Nicola are down over 60% so far this year pre market.
And as some contacts here, this is the company that provides battery and hydrogen fuel cell electric vehicles.And this comes amid a week that we've seen a couple of lines that have been negative for just the broader EV industry. You're seeing that here today at the gate down, but fractional gains over the course of this week, Mattie, should we take a look at the Dow 30 components?It's interesting to see Microsoft continuing to kind of have hold over this market.
So what I would might expect from here is just a little bit of a pause, some sideways action and then uh usually the trend resumes, but it doesn't always have to app end that way.So let's skip over to the semiconductors here, arm down 3% as well.
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