Nvidia’s Market Fluctuations: From Star to ‘Goat of the Game’
In the midst of a market rebound on Monday, CNBC’s Jim Cramer highlighted positive stock performances but emphasized that the upcoming Big Tech earnings reports this week will be pivotal in determining the trajectory of the rally.
The Dow Jones Industrial Average gained 253.58 points, or 0.67%, to close at 38,239.98. The S&P 500 traded 0.87% higher, finishing the session at 5,010.60. The Nasdaq Composite climbed 1.11% to 15,451.31, putting an end to a six-day losing streak for both the S&P 500 and Nasdaq.
Chipmaker Nvidia experienced a notable boost, rebounding by 4% after a 10% plunge on Friday. However, Cramer expressed caution, noting that the stock’s recovery may not be sufficient to erase its recent losses.
Big Tech Earnings on the Horizon
Investors are eagerly awaiting the earnings reports from Tesla, Meta Platforms, Microsoft, and Alphabet this week to assess the health of the tech sector and determine whether the tech sell-off will continue or come to an end.
Tesla’s Future Remains Uncertain
Tesla, an electric vehicle and clean energy company, has been under scrutiny due to concerns over production issues and CEO Elon Musk’s recent acquisition of Twitter. Investors will be closely examining Tesla’s earnings to gauge its financial performance and the potential impact of these factors.
