TECH - Nvidia Vs Federal Reserve: Who's Steering The Market? | Benzinga
In a recent discussion on CNBC’s Last Call, anchor Brian Sullivan posed an intriguing question to Michael Farr of Farr, Miller & Washington: “What do you think is more important to the macro-market: NVIDIA (NASDAQ:NVDA) or the Federal Reserve?”
What Happened: The question, though asked with a touch of humor, sparked a discussion on the differing impacts of the tech giant and the central bank on the market. Farr, initially laughing at the question, quickly distinguished between the two. “Nvidia is a completely different story,” he said.
Nvidia has been a standout performer, with its stock soaring 91.74% year-to-date, significantly outperforming major ETFs like the SPDR S&P 500 ETF Trust (NYSE:SPY), Invesco QQQ Trust (NASDAQ:QQQ), and the iShares Semiconductor ETF (NASDAQ:SOXX). This follows an impressive 240% surge in 2023.
Farr emphasized that although Nvidia symbolizes an impressive technological and investment narrative, the ...