Nvidia's stock price rebounded for four days, and its market value recovered to $400 billion

Odaily News Nvidia's stock price has soared nearly 17% in the past four trading days, and its market value has increased by more than $400 billion. The rebound also pushed the broader market higher. In these four days, Nvidia contributed about 22% of the gains in the S&P 500. Ivana Delevska, founder and chief investment officer of Spear Invest, said: "Nvidia has brought a lot of good news in this earnings season, but the impact of carry trades is too great, and the good news is not important at all. Now that technical pressure has eased and the market has returned to fundamentals, this is why the stock price has soared." Nvidia's stock price rebound also caught option traders who bet on its further decline off guard. Institutional data shows that the cost of protecting against a 10% decline in the stock in the next 60 days is close to the highest level since May 2023, relative to contracts that profit from a 10% increase. (Jinshi)