Nvidia rebounded for four days, and its market value recovered by $400 billion

Nvidia's stock price has soared nearly 17% in the past four trading days, and its market value has increased by more than $400 billion. The rebound also pushed the broader market higher. In these four days, Nvidia contributed about 22% of the SP 500's gains. Ivana Delevska, founder and chief investment officer of Spear Invest, said: "Nvidia brought a lot of good news in this earnings season, but the impact of carry trades was too great, and the good news was not important at all. Now that the technical pressure has eased and the market has returned to fundamentals, this is why the stock price has soared." Nvidia's stock price rebound also caught option traders who bet on its further decline off guard. Institutional data shows that the cost of protecting the stock from a 10% decline in the next 60 days is close to the highest level since May 2023, relative to contracts that profit from a 10% increase.