JPMorgan Traders See Nvidia as ‘Catalyst’ to Revive Stock Rally
- AI darling’s earnings to get Street ‘materially more bullish’
- S&P 500, Nasdaq 100 rise to fresh record highs Thursday
Nvidia headquarters in Santa Clara, California.
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Yet another bumper earnings readout from Nvidia Corp. may be all it takes to reignite Wall Street’s appetite for US stocks.
JPMorgan Chase & Co.’s trading desk, led by Head of US Market Intelligence Andrew Tyler, said in a report before markets opened Thursday that the results could fuel another bullish shift toward US stocks and overshadow recent hand-ringing about when the Federal Reserve will start cutting interest rates.