The analyst expresses a bullish stance on Nvidia (NVDA), highlighting its dominant control over the US tech sector within the S&P 500.
Nvidia effectively controls the US tech market, which dominates the S&P 500, implying a strong bullish case on NVDA.
Your reminder 14 companies alone make up 43% of the S&P 500. And 25 companies make up 50%. You are no longer buying the US market You are buying the US Tech market and the music is not allowed to stop in this one sector. And one company effectively controls them all $NVDA
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -1.6% | -0.9% |
| 1 week | -0.5% | -1.9% |
| 1 month | +0.4% | -0.3% |
| 3 months | — | — |
| 6 months | — | — |