Microsoft stock topples Nvidia on the latest list of new buys by top funds as 13 names make the billion-dollar club.
The S&P 500 and Nasdaq hit highs in a half-day session heading into the 4th of July, led by Tesla and Nvidia. The jobs report looms Friday.
Nvidia stock reversed course Wednesday, ending in the green in after starting in the red. Frank Cappelleri, thinks more gains are coming. “Nvidia is coming off its fifth eight-week gain of at least 50% since the October 2022 low” said Frank Cappelleri, who is founder of the research firm CappThesis.