It took a second, but investors pushed stocks higher to end the week. The blockbuster results from NVIDIA Corp. (NASDAQ: NVDA) provided the fuel. More than the results, the company’s forward guidance makes it clear that the AI infrastructure trade is backed by tangible demand.
Not all the news was strong this week. Retail stocks painted a mixed picture that confirmed the bifurcated state of the consumer, for whom inflation remains front and center. To that end, a catalyst to the market rally was news that the conflict in Iran may be drawing to a close. A swift resolution would take the pressure off oil prices.
