MarketWatch: “Nvidia is in correction territory. Should investors be worried?”
By datatrekresearch in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek's Nick Colas:
.... "But according to Nicholas Colas, co-founder of DataTrek, they shouldn't be. Because as it turns out, the bull market can continue without Nvidia's help.
"The S&P 500 and large cap Tech are up 1.7 percent since NVDA’s November highs, and the QQQs have rallied 4.8 pct. On top of that, Nvidia’s loss ($413 bn in market cap since the highs) has been Broadcom’s gain (+$302 in incremental market cap over the same period)," he said in commentary shared with MarketWatch on Tuesday.
"All this strongly suggests general investor confidence has been untouched by NVDA’s pullback"....
Full article here on MarketWatch.
