The Nvidia Event Horizon
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Market On Open, Thursday 23 May
by Alex King
Nvidia numbers were good - see here - and the stock reaction was good, see here:
That NVDA gap up seems to be taking money out of other names. How much money, you may ask? Well, most all the money, it appears. For the S&P is red at the time of writing and the Nasdaq is thinking about heading that way too. That's unusual when one of their leading lights is making a dash skywards.
So let's dig deep to see what's happening.
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