If Nvidia (NVDA) stock is a great proxy for the broader stock market, then this AI leader may be leading the rest of the market even lower from its recent doldrums.
Nvidia sports the “most important chart in the world” right now (see below), according to BTIG technical strategist Jonathan Krinsky.
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With news this March that the Federal Reserve was again keeping its interest rate-cutting campaign on pause (for the second time this year) and with the need for safe and profitable savings accounts pronounced thanks to a stagnant fight with inflation and a rising unemployment rate,
US stocks started higher, but have flattened off, with the tech-heavy Nasdaq now a handful of points in the red.
The Dow Jones is up 0.4% at above 45,350,
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The largest bank in the US is slashing its year-end target for the S&P 500, warning that tensions in the Middle East are limiting the index’s upside potential.
JPMorgan Chase’s team of strategists, led by Fabio Bassi, says the bank is cutting its 2026 year-end target for the S&P 500 from 7,500 to 7,200,
While the stock market has actually held up better than most strategists and analysts might have expected, especially given the surging price of oil due to the Iran war, both the Nasdaq Composite and the Dow Jones Industrial Average have fallen into correction territory, which means they are both down at least 10%.
AI firm Anthropic is exploring plans to go public as early as October, according to sources familiar with the matter, per Bloomberg, as quoted on Yahoo Finance. The move comes as the firm competes with another AI company, OpenAI, which is preparing for a public market debut as soon as the fourth quarter of this year,
» Read more about: ETFs in Focus as Anthropic Eyes IPO: A Blockbuster on the Way? »
Analysts at Morgan Stanley lowered their price target on META to $775 from $825, but says the tech giant is still a top idea. “Sentiment Has Troughed…It’s Time to Buy META: META sentiment has troughed due to GenAI ROIC and long-term positioning fears,
» Read more about: Stock Market Live March 30, 2026: S&P 500 (SPY) Up on President Trump Optimism »
Then there’s the more intangible cockroach index. Speaking in mid-October about signs of instability in private credit and private equity, a sector that goes largely unregulated, JPMorganChase’s chief executive, Jamie Dimon, said: “When you see one cockroach, there are probably more.” Five months later, private credit’s exposure to software companies vulnerable to AI advances is prompting what Bloomberg calls “a sudden investor exodus.” It’s cockroaches all the way down.
