VanEck: Traders selling NVIDIA positions are dragging down market sentiment
VanEck Australia stated that NVIDIA will release its financial report this week, which is expected to be a significant test of market confidence in AI in the short term. Cross-asset investment strategist Anna Wu mentioned that momentum is like a self-driving machine. Ahead of NVIDIA's earnings report and the release of U.S. macroeconomic data, traders selling the company's stock have dampened sentiment in the U.S. stock market, which has spread to Asian markets. If we use Bitcoin as an indicator of market sentiment, it points to bear market-level concerns
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