Nvidia's recent stock rebound has fueled a rally in the tech-heavy Nasdaq Composite while the Dow Jones Industrial Average faced a 300-point decline. Concerns over market correction arise as Nvidia's slump affects investor sentiment, prompting a shift towards industrial and financial sectors.
Investor indecision is palpable awaiting key inflation data, with the upcoming PCE index release potentially serving as a market catalyst. Amidst record highs, analysts debate the likelihood of a market stall, highlighting Nvidia's prominent role in recent market gains alongside the expected revenue growth of Super Micro Computer surpassing Nvidia this quarter.
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