‘Markets bottom on bad news’ maxim rings true as chip stocks rally amid Nvidia scandal
Summary
Chip stocks recently experienced a market rally despite an ongoing scandal involving Nvidia. This price movement aligns with the classic Wall Street saying that financial markets tend to bottom out when negative news emerges.
The cliche is one of those smart-sounding rules of thumb that proves true just often enough to remain a Wall Street cliché in good standing.
Source: Read the full story at US Top News and Analysis
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