Reported 11 months ago
Nuveen Chief Investment Officer Saira Malik analyzes the rebound of Nvidia (NVDA) and bitcoin (BTC-USD), indicating cautious investor behavior. Malik highlights concerns over cracks in the economy, weaker consumer data, and signs of weakness in employment markets. While Nvidia is currently back to early June levels and stands well in the AI trend, Malik emphasizes the importance of second quarter earnings in driving tech industry momentum. She suggests that tech stocks need to consistently surpass earnings expectations to gain investor confidence and drive stock prices higher.
Source: YAHOO