A post by @FirstSquawk on X.
ON MONDAY THE S&P 500 RALLIED THE MOST SINCE APRIL 8, WITH A GAUGE OF CHIPMAKERS SURGING NEARLY 7% AND THE NASDAQ 100 ENDING 3.4% HIGHER, EVEN AS NVIDIA SLID 4.3% AMID A PROBE INTO CEO JENSEN HUANG AFTER HIS ADMISSION OF AN AFFAIR WITH A…
@FirstSquawk on X
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The S&P 500 posted its largest single-day rally since April 8 on Monday, while a gauge of chipmakers jumped nearly 7% and the Nasdaq 100 closed 3.4% higher. The divergence matters because Nvidia has been a bellwether for the AI-driven chip trade, so its underperformance alongside a sector-wide surge signals stock-specific risk rather than a sector reversal. Watch for details of the probe and any further disclosure from Nvidia, plus whether chipmakers can hold their gains without leadership from the sector's largest name.
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Named in this story
S&P 500, Nasdaq 100, Nvidia (NVDA), Jensen Huang
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