NVDA

Outperforming without a clear catalyst yet

• NVDA +1.09% on the last session vs SPY +0.18%: +0.9 pts of stock-specific move.
• 89 Reddit mentions in the past 24 hours, 78% positive over the week · today's pace is 1.3× its recent daily average.
• 2 analyst actions in the past 10 days (0 positive, 0 negative); latest: Cantor Fitzgerald reiterated Overweight, target $350.
• 5 insider or congressional trades in the past 30 days, including 3 insider sales not under a 10b5-1 plan.
• Market backdrop (Wed): Core PCE Price Index m/m 0.2% vs 0.3% expected (cooler); Final GDP q/q 2.2% vs 1.5% expected (stronger); S&P futures +0.18%, 10-year yield +0bp in the 30 minutes after.