Nvidia’s Earnings Could Be The Much-Needed Spark To Reignite US Stock Rally: JPMorgan Traders
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Benzinga
Benzinga
The latest earnings report from NVIDIA Corp (NASDAQ:NVDA) could be the much-needed spark to rekindle the U.S. stock market, according to traders at JPMorgan. What Happened: The traders at JPMorgan, led by Head of U.S. Market Intelligence Andrew Tyler, suggested that Nvidia’s earnings could potentially trigger a renewed bullish sentiment towards U.S. stocks, reported Bloomberg on Thursday. The report, released before the market opened on Thursday, predicted that Nvidia’s earnings could overshadow concerns about the Federal Reserve’s potential interest rate cuts and lead to a fresh wave of enthu…