Posted 2/21/2024, 2:00:00 PM
Nvidia Earnings Loom Large for Tech Stocks and ETFs
- Nvidia's earnings report today will heavily influence tech stocks and ETFs due to its large market cap and growth
- High valuation growth stocks like Nvidia face greater scrutiny and risk from higher interest rates
- ETFs with the largest Nvidia allocation like SMH and BOTZ may see big moves based on earnings results
- Nvidia will likely need a significant earnings beat to maintain the momentum in stocks
- Broad indexes and tech ETFs need mega-caps like Nvidia to keep exceeding high expectations to continue bull run