Posted 2/20/2024, 3:26:00 PM
Nvidia Earnings Could Spark Tech Selloff If Expectations Aren't Met
- Nvidia earnings miss could trigger 5-10% market selloff in days, macro strategist Peter Tchir says
- Investors have bought prior dips, but that buying support may soon be exhausted
- If Nvidia disappoints, it could spark a "cascading selloff" as dip-buying fails
- Options traders betting on 11% Nvidia upside after earnings, expectations very high
- Even if Nvidia beats, stock may bounce then fall as buyers fail to emerge