Trump Reversal On Nvidia H20 Adding To Bullishness, Buying On CPI Data

Core Insights - President Trump's reversal on H20 AI chip exports to China has positively impacted NVIDIA Corporation (NVDA) stock, contributing to bullish sentiment across the tech sector [13] - The reversal is perceived as a gesture of goodwill from the U.S. towards China, which may influence future trade relations [13] - The stock has shown significant upward movement following the recent buy signal near the April lows, with NVDA being a core position in the ZYX Buy Core Model Portfolio [13] Market Trends - Money flows in major tech stocks, including NVDA, are currently positive, indicating strong investor interest [5] - The overall bullish sentiment in the market is further supported by the Consumer Price Index (CPI) data, which came in line with expectations, suggesting that inflation reduction efforts are stabilizing [13] - Aggressive buying has been noted in nuclear stocks following announcements related to Meta Platforms Inc's data center plans, indicating sector-specific bullishness [13] Earnings and Economic Indicators - Major banks have reported earnings that are better than consensus estimates, with JPMorgan Chase & Co and Citigroup Inc showing strong performance [13] - The Producer Price Index (PPI) is set to be released, which could further influence market sentiment [13]