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NVDA Jun 2024 450.000 put

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At close: 03:58PM EDT

Fortune
Nvidia alone accounts for more than a third of the S&P 500’s gains this year—and it’s a big risk for investors, top economist warns
"The bottom line is that the extreme concentration of returns in the S&P 500 makes investors more vulnerable to single headlines impacting the one stock driving index returns."
Fortune
Cathie Wood’s stunning new $2,600 Telsa prophecy and Wall Street’s Nvidia stock prediction share an often overlooked investing truth
Baked into the expectations for Tesla and Nvidia stock are the vision that a single player will dominate a revolutionary industry, facing little competition, virtually in perpetuity.
Barrons.com
The Market Had Another Great Week—but Trouble Still Lurks
Given the market’s resiliency and ongoing enthusiasm for artificial intelligence, it might seem silly to snatch defeat from the jaws of victory. Unlike earlier this year, when more stocks were joining the party, megacap tech stocks are firmly back in the driver’s seat. Nvidia’s ascendancy has been an integral part of the market’s new highs.