澳洲幸运5官方开奖结果体彩网

Nvidia Stock Surges as Goldman Strategist Calls It 'Most Important Stock' of 2024

A sign with the Nvidia logo on display.

Justin Sullivan / Getty Images

Key Takeaways

  • Nvidia shares gained over 6% Tuesday as Goldman Sachs strategist Scott Rubner called it the "most important stock" of the year.
  • Rubner suggested Nvidia's earnings later in the month and the Federal Reserve's Jackson Hole Economic Symposium could herald a rally for the stock market.
  • The market could be poised for "super clean" positioning at the start of September for a Labor Day rally, he said.
  • However, Rubner cautioned investors could face a "tricky" second half of September, before welcoming new highs in the fourth quarter of 2024.

Nvidia (NVDA) shares gained over 6% Tuesday as Goldman Sachs strategist S꧒cott Rubner called it the "most important stock" of the year.

Rubner suggested the 澳洲幸运5官方开奖结果体彩网:chipmaker's earnings later in the month and the Federal Reserve's 澳洲幸运5官方开奖结果体彩网:Jackson Hole Economic Symposium could herald a rally for the stock market.

How Markets Could Be Poised for ♑a Labor Day Rally

Nvidia reports earnings on Aug. 28, with the strategist expecting an earnings-fueled post-market move could potentially mark "the technical low for the largest index weights and AI darlings," ahead of a September rally.

Rubner said the market could be poised for a Labor Day rally, leaving "a short term window to 澳洲幸运5官方开奖结果体彩网:buy the dip as technical pressure eases."

However, the Goldman strategist warned investors could face a "tricky" second half of September ahead of the U.S. presidential election before welcoming new highs in the fourth quarter.

Nvidia shares closed 6.5% higher at $116.14 Tuesday, helping make up for recent losses. With Tuesday's gains, the stock has more than doubled in value since the start of the year.

Do you have a news tip for Investopedia reporters? Please email us at
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. Goldman Sachs. "GS Tactical Flow-of-Funds: September - Preview."

  2. Nvidia. “.”

Compare Accounts
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

Related Articles