If Nvidia’s earnings are soft, you’ll see some weakness in tech
If Nvidia’s earnings are soft, you’ll see some weakness in tech: Sevens Report Editor, Tom Essaye, Quoted in Barron’s
Why the Stock Market Can Rally, Even if Nvidia Earnings Disappoint
“I think if Nvidia’s earnings are soft, you’ll see some weakness in tech, especially, although I don’t think that a bad Nvidia earnings print carries with it the same danger that it would have seen in February or November,” Sevens Report Research’s Tom Essaye tells Barron’s.
“While a bad Nvidia print will be bad for tech and probably bad for the S&P 500, because tech is such a big weight, for things like the Dow, the Russell 1000, RSP (the equal-weight S&P 500), I don’t think it’s a derailing event,” Essaye says. “I’d probably be looking to buy any dip on that.”
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