Global Equity Funds See First Outflow in 13 Weeks as Nvidia's 70% Revenue Forecast Fails to Stem Caution
NVDA sits 38% above its 52-week low of $164.07 on elevated volume (2.1× avg).
Summary
Global equity funds recorded their first weekly outflow since May 20, with $5.87B withdrawn, while U.S. equity funds saw $22.33B in net sales, marking the biggest weekly outflow since March. The outflows came despite Nvidia's forecast of 70% revenue growth for the next fiscal year, which eased AI demand concerns but did not prevent investors from turning cautious ahead of Fed Chair Warsh's Jackson Hole remarks. Technology sector funds still attracted $3.2B in inflows, indicating selective positioning. The data highlights a risk-off tilt in equities even as Nvidia's fundamentals remain strong, with attention now on Warsh's speech for policy signals.
At the time of this announcement, NVDA was trading at $227.04 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.