Macro Strategy Insights

NVDA Crushes It, Nasdaq 100 Still Lower Than Friday

NVDA crushed earnings yesterday. It is currently at $760 per share, but moving rapidly. Up 12.7% (just outside the +/-10% post-earnings move priced into the options market). At that price, the market cap would be just about $1.9 trillion, up $215 billion in a day, which may be close to a record move. Putting a few things in perspective. NVDA is up 1.9% since last Monday. Almost 2% in a week isn’t anything to sneeze at, but it shows that the market was pricing a lot in. Nasdaq 100 futures are responding positively (up around 2% as I type), which ... NVDA Crushes It, Nasdaq 100 Still Lower Than Friday

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