Market Rally Split; Nvidia Triggers Massive Chip, AI Rally, But Breadth Still An Issue: Weekly Review

Market Rally Split; Nvidia Triggers Massive Chip, AI Rally, But Breadth Still An Issue: Weekly Review

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The stock market rally continued to diverge. The Nasdaq rose solidly, as Nvidia (NVDA) skyrocketed on strong Q1 earnings and blowout guidance, lifting many other chip and AI chips. The S&P 500 was little changed after erasing losses. The Dow Jones fell but did rally back above a key level.…

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