S&P 500, Nasdaq post fresh records, Nvidia's run: Market trends

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Jared Blikre News

Nasdaq,Nvidia,S&P 500

The Nasdaq (^IXIC) and S&P 500 (^GSPC) closed at record highs, with megacap tech stocks continuing to cause big gains for the indexes. It was the 37th record...

) closed at record highs, with megacap tech stocks continuing to cause big gains for the indexes. It was the 37th record close for the S&P 500 this year.joins Asking For A Trend to break down the latest market trends for July 10. Blikre breaks down how Nvidia's impressive run has it topping the performance of the top stocks of the dot-com bubble and why there is a"buyback blackout.

If you compare that to a combination of Cisco Intel Microsoft and oracle from the late nineties from 1995 to 2000, guess what NVIDIA is now up 3000%.So by this metric, NVIDIA is already trouncing the.com bubble.You know what's funny we talked about this a month or two ago and NVIDIA has really strong fundamentals, their Ford multiple has been remarkably consistent over the last couple of years.

Yeah, it teach you how many bowls we have come on the show and I, I wouldn't say they're ping the table for NVIDIA, but I guess they point they make Jared is if you believe we're still early innings, the A I revolution. And some of the trends you point out here, um, would you argue that seasonality playing any kind of role in part?

But one of them might be is that you have that demand pulled forward by the blackout window all these companies are free to buy their shares until they're not.That that's why you gotta make up for it. Suze Orman is sounding the alarm on a looming "financial pandemic" as Americans eclipse $1 trillion in total credit card debt. She worries that many households won't be able to keep up with their...1 Growth Stock Down 25% to Buy Right Now

 

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