'Nvidia Is Sucking The Oxygen Out Of The Room:' Wealth Manager Says Stocks With 'Good Fundamental Execution' Can Still Decline Because Of AI Stalwart

Benzinga · Jun 17 18:17

Tech rally has predominantly fueled the market upside in the current bull run, and a wealth manager said on Saturday thatNvidia Corp.(NASDAQ:NVDA) in particular has drawn investments out of the other sectors and even the rest of the tech stocks.

Nvidia's Far-reaching Impact:"Nvidia is sucking the oxygen out of the room," saidLumida Wealthco-founderRam Ahluwaliain a post on X, formerly Twitter.

Sharing a chart of the S&P 500 sector indices, he said every sector is hurting except tech. The financial advisor also traced back the declines in other stocks to...

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

'Nvidia Is Sucking The Oxygen Out Of The Room:' Wealth Manager Says Stocks With 'Good Fundamental Execution' Can Still Decline Because Of AI Stalwart

Risk Disclaimer