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Markets today: S&P 500 churns as megacap rally leaves Nvidia out [BNN Bloomberg (Canada)]
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Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
A renewed bout of volatility hit Nvidia Corp., which slipped during its annual shareholder meeting. The poster child of the artificial-intelligence frenzy has been on a roller-coaster ride, mostly driving broad-market direction. Fellow megacap Amazon.com Inc. reached a US$2 trillion valuation in a rally that took the e-commerce giant deeper into record territory. A recent market attempt to broaden out of the megacap group was short-lived, with a bevy of measures still showing how market breadth remains weak — boosting uncertainty about the rally's staying power. Bifurcation between S&P 500 performance and breadth has reached one of the worst levels in three decades, according to Bloomberg Intelligence. “The stock market is way too reliant on big tech — period and end of story,” said David Bahnsen at The Bahnsen Group. “Whether or not the past week's volatility in tech is the start of something deeper or if that reckoning is still forthcoming remains to be seen, but excessive inve
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