AI momentum continues to dominate Wall Street as NVDA surged to another all-time high, fueled by strong demand for AI infrastructure and inference chips. Investor optimism also grew after Cerebras’ explosive IPO debut, reinforcing confidence that the AI boom is still in its early stages. With earnings approaching, traders are split between locking in profits or positioning for another breakout. The $235 level remains a key resistance zone, while bullish sentiment continues to build around the possibility of Nvidia pushing toward the $250 milestone if results and guidance exceed expectations.
Markets turned cautious after Trump concluded his China visit without any relaxation on AI chip export restrictions. While new energy and agriculture purchasing frameworks were discussed, investors were hoping for stronger signals on tech trade policies. Attention has now shifted toward Q1 portfolio disclosures, where traders are looking for clues on how major funds are positioning themselves amid rising geopolitical and economic uncertainty. Growth and industrial names such as TSLA, BA, and GE saw pressure as sentiment weakened across the broader market. Traders are closely watching whether institutions rotate into defensive sectors or continue buying long-term growth opportunities during the dip. Near-term volatility may remain elevated as markets digest political developments, trade pol