As Nvidia recovers, Big Tech has led the way in summer rally

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As Nvidia recovers, Big Tech has led the way in summer rally
Josh Schafer
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Nvidia (NVDA) is recovering from the wider tech sell-off in early August, now back up over 30% since then. Is 2024's tech rally broadening out even further...

Take a look at a video of almost 30% since August 5th as part of a larger tech rally that's brought the S and P 500 index up over 7% in that same time frame.The big question was the summer's brief pull back a blip or was it a sign of something further in terms of weakness for the tech sector, our very own, Josh Schafer joining us here with more Josh, such a boring morning.We all have a lot of fun waiting for those job revisions.

Actually outperforming the mag seven this quarter thus far, largely what this tells strategy is, this is a healthy bull market. And more specifically, maybe what that upside looks like within some of these cyclical names or cyclical plays, right? Now, it seems like people like more of a broad basket of things, but now they are still seeing reason to own tech and buy tech at these levels.

But as you were just pointing out sea, the, the fundamental story had come a little bit in question over the last couple of weeks right after earnings, people are wondering if these companies are spending too much and video earnings don't answer that for you.The fed probably doesn't answer that for you.

NEW YORK — The United States will face Mexico, Italy and Britain in Group B of the first round of the 2026 World Baseball Classic, which be based at Houston's Minute Maid Park, Major League Baseball and the players’ association said Wednesday.VANCOUVER — The Vancouver Canucks are switching up their goaltending staff, promoting one coach and moving another to a scouting role.

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