Reported 4 months ago
Nvidia's stock surged nearly 20% after its earnings release, surpassing Wall Street's expectations. However, this didn't lead to a widespread market rally, with the S&P 500 declining more than 0.5% since Nvidia's earnings release. This divergence from the usual pattern where Nvidia's stock movements drove the market higher has raised concerns among analysts like Evercore ISI's Julian Emanuel, who believe that the market may be poised for a pullback, especially as investor focus shifts to economic data and an uncertain interest rate path for the Federal Reserve.
Source: YAHOO