🧐 Today's focus 👉 #NVIDIA earnings report announcement.
Let's chat briefly, the market is currently in a speculative downturn 😔. If this earnings report falls short of expectations, it could be a blow to the market 😱. Many friends might ask: 'If NVIDIA's earnings report is poor, won't it only affect AI-related stocks?'
Not really, different periods have different situations. Currently, AI-related companies occupy a large portion of the market's liquidity. If this earnings report is bad, all major US stock indices will be affected. I also mentioned before that the [related policies after a specific person takes office] have led to a stronger correlation between the crypto market and US stocks.
So, if US stocks are affected, the crypto market may also suffer. Everyone look at the Fear and Greed Index, it's already at 83. Don't know what that means? Refer to March, it peaked around 83 and then plummeted; the last straw that breaks the camel's back is often unexpected! 😰
Is it beneficial? Yes! NVIDIA's earnings report is positive, boosting market investment confidence, which will radiate to the crypto market. #AI sector currencies will rise, and there's also the #AI + #MeMe narrative!
