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NVDA Earnings Trap? The AI Rotation into SNOW & Thursday's Key Levels
Description
Here is the trade setup for the Thursday open. The market is navigating a "Post-Nvidia Hangover" as the street digests a massive earnings beat against a potential liquidity trap. We are tracking a critical rotation from hardware into software as yields pin the macro tape.
Stocks to Watch:
π NVDA - Watching the $162.50 bull case vs. profit-taking risk.
βοΈ SNOW - Surprise revenue beat signals the second wave of AI.
π WMT - Consumer resilience test following Q1 earnings.
βοΈ BA - Regulatory friction continues with fresh FAA audits.
π AAPL - Front-running AI-at-the-edge catalysts.
The Levels:
π S&P 500 (/ES): Support 7,370 | Resistance 7,485
π Nasdaq 100 (/NQ): Support 21,150 | Resistance 21,800
π Macro Pivot: The 10Y Yield at 4.60% is the line in the sand for tech.
Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.