It is a well-known fact that institutional investors, with their sophisticated tools and technology, most often manage to capitalize on a sustained stock rally. However, the question regarding how much steam is left in an already rallying stock is something that puzzles retail investors.
One such dilemma would be NVIDIA Corporation’s (NASDAQ: NVDA) stock movement. Shares of the chip-maker closed 24.37% higher on Thursday after the company reported its quarterly earnings and provided an upbeat forecast that beat Street estimates. So much has been the ensuing enthusiasm that Wall Street went gaga over AI-related stocks and managed to push up the Nasdaq Composite and the S&P 500 from a debt ceiling-induced decline.
