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Benzinga
Benzinga
Business
Shanthi Rexaline

Brace For 'Bear Market Tech Rally:' Munster Predicts When Stock Market Could Actually Hit A Bottom

Gene Munster Nasdaq

U.S. stocks rose on Thursday, even as underwhelming guidance from Nvidia Corp (NASDAQ: NVDA) stoked fears of more pullbacks, but Apple Inc. (NASDAQ: AAPL) and Tesla Inc. (NASDAQ: TSLA) analyst Gene Munster thinks it isn't yet time to call the bottom.

What Happened: Munster, also a managing partner at Loup Funds, on Thursday alerted investors on Twitter to gear up for a "bear market tech rally," saying the Nvidia stock jump was a "classic sign" of near-term bad news being priced in.

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