CNBC's "Fast Money" Weight-Loss Drug Trial Results 6/5/24
Jun 5, 2024
The podcast delves into Nvidia's stock performance surpassing Apple, semiconductor market dynamics, and Lulu Lemon's strong earnings. It explores upcoming rate decisions, tax policy concerns, and Dollar Tree's potential sale. Additionally, they discuss Roach Holdings' weight loss drug and Boeing's successful Starliner launch, along with analyzing stock performance and final trade recommendations.
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Nvidia's Rise
- Nvidia's market cap hit $3 trillion, surpassing Apple in the S&P 500.
- Despite high valuations, the stock continues to surge due to AI hype and passive investing.
Nvidia Stock Split
- Consider Nvidia's upcoming stock split and its potential impact on the stock price.
- Passive investment flows related to index weighting changes could influence short-term price action.
Nvidia Chart Analysis
- Despite its exceptional performance, predicting Nvidia's future price is difficult.
- The stock's breakout pattern suggests a potential target of $1,400, but caution is advised due to momentum.