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Nvidia’s earnings are the stock market’s next major test after May’s Big Tech comeback - MarketWatch

1. Tech stocks surged in May, boosting investor optimism; earnings reports are crucial. 2. Nvidia's earnings, a highlight this week, increased shares by 3.1% before announcement. 3. The 'Magnificent Seven' tech companies regained $3.7 trillion in market cap since April. 4. Optimism around AI and tech spending remains high despite rising bond yields. 5. Overall, tech earnings outshone the broader market, fuelling confidence in companies like NVDA.

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FAQ

Why Bullish?

Nvidia's anticipated earnings and rising tech enthusiasm encourage investor confidence, reminiscent of past market recoveries.

How important is it?

Nvidia's significance within the 'Magnificent Seven' and overall tech sector predicts considerable influence on stock price.

Why Short Term?

Immediate earnings report results can quickly sway NVDA’s stock price, reflecting past post-earnings trends.

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