What is currently happening in the market seemed impossible prior to today. On a day where Nvidia, $NVDA, is down -6.5%, erasing -$300 billion in market cap, the Nasdaq 100 is now up +3.2%. Even as the leader of not only the AI trade, but the broader market, accounting for nearly 8% of the S&P 500, falls sharply, investors are aggressively buying the dip. Price action over the last 5 days has been a testament to just how powerful the AI Revolution truly is. Investors are incredibly eager to buy the dip in US technology stocks, even if it means leaving the biggest leader of the AI Revolution behind. In fact, the AI trade, and the market's rally as a whole, appears to be broadening. Innovation is at an all-time high and markets know it. This is the most resilient market in history.
The Kobeissi LetterShare
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