Investors’ Angst Goes Far Beyond AI and Nvidia
Worries about economy, credit markets are underpinning the shift in investor sentiment.
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For stock bulls, yesterday’s reversal was as ominous as it was mystifying.
Nvidia’s quarterly earnings report bolstered the case that the AI-driven rally has longer to go, and investors reacted accordingly, pushing the Nasdaq 100 up as much as 2.4%.