Nvidia's stock price has rebounded for four consecutive days, and its market capitalization has recovered to $400 billion.
According to Mars Finance news, NVIDIA's stock price has surged nearly 17% over the past four trading days, increasing its market capitalization by over $400 billion. This rebound has also contributed to the overall market's rise, with NVIDIA accounting for approximately 22% of the S&P 500 index's gains during this four-day period. Ivana Drevska, the founder and chief investment officer of Spear Invest, stated: "NVIDIA brought a lot of good news this earnings season, but the impact of carry trade was too large, and the good news didn't really matter. Now that the technical pressure has eased, and the market has returned to fundamentals, this is the reason for the stock price surge." The rebound in NVIDIA's stock price has also caught options traders who had bet on further declines off guard. Institutional data shows that the cost of protecting against a 10% drop in the stock over the next 60 days is close to the highest level since May 2023, compared to contracts that profited from a 10% rise.
