The market's performance last week was spurred by Nvidia's robust results, intensifying the focus on mega-cap stocks and chip manufacturers amid ongoing AI excitement.
In this regard, Micron stock surged as the company started producing new chips for Nvidia. Conversely, the market was weighed by a retreat in large stocks like Alphabet while some other big techs remained near their highs.
The Personal Consumption Expenditures Price Index, to be released on Thursday, alongside insights from central bank officials could affect the market's performance as we draw closer to the Federal Reserve meeting.
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