QQQA - The NASDAQ's Rally May Hinge On Nvidia's Results
2024-02-18 07:00:00 ET
Summary
- Nvidia's earnings report will have a significant impact on the NASDAQ 100 index, as the company has delivered a large portion of the index's gains.
- The market is extremely bullish on Nvidia, leading to high implied volatility and a heavy weighting of call options.
- If Nvidia fails to meet expectations, it could have a negative effect on the entire market, as the stock's performance is closely tied to the overall market's earnings growth.
It will be a big week for the NASDAQ 100 and the broader market in more ways than one. It won't be because the dollar or rates are on the cusp of breaking out. Or due to skyrocketing inflation expectations or the nervousness around the Fed. No, it will be because the company that has delivered nearly 35% of the index's gains this year will be reporting earnings....
The NASDAQ's Rally May Hinge On Nvidia's Results