Reported 4 months ago
The Nasdaq Composite recently crossed 17,000 for the first time, reflecting the tech boom driven by generative AI companies like Nvidia and OpenAI. However, while major tech stocks like Nvidia and Apple are performing well, concerns arise as fewer stocks in the Nasdaq 100 are holding above their 50-day and 200-day moving averages. Analysts suggest a possible pullback in top tech stocks this summer as investors reevaluate valuations, attributing market fluctuations to factors like Treasury yield increases and upcoming elections.
Source: YAHOO