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Happy Thursday! If you’ve spent the last couple weeks like I have (watching as much football as humanly possible) you know that things can change on a dime. Your team could be winning all game, then one bad fumble and the momentum has completely shifted. But momentum can shift just as quickly in the market. After a 20% sell-off, NVIDIA’s stock ripped higher yesterday, closing up more than 8%. Plus, where do we stand on rate cuts after yesterday’s CPI and today’s PPI?

—Aaron Bry

Plus, looking for the best place to trade options? Click here.

MARKET SNAPSHOT

Yesterday: It wasn’t Valentine’s Day but it was still a ‘V Day’. The market was lower in the morning, before a V-shaped rally brought us back into the green.

On Our Radar: PPI came out this morning, another indicator showing that inflation is slowing. Tonight we will hear from RH, which could give us some insights into the health of the high-end consumer.

TOP STORY

'Didn't Take Much For Nvidia To Get People Excited About AI,' Says Strategist

Basically: NVIDIA shares jumped over 8% on Wednesday, taking the broader market and the tech sector higher along with them, and two experts weighed in on Nvidia-led recovery.

Nvidia – AI Trades’ Lifeline: After a strong move to the downside in initial reaction to the August consumer price inflation numbers, stocks came back up strong and it didn’t take much for Nvidia to get people excited about artificial intelligence, said B Riley Wealth Chief Market Strategist Art Hogan in an interview with Yahoo Finance. Here’s what CEO Jensen Huang said during a conference yesterday that led to NVIDIA’s big day.

PRESENTED BY CBOE

FIVE ZINGERS

Shine Bright Like A Diamond: Signet Jewelers shares are soaring higher this morning after the retailer reported stronger-than-expected earnings.

Mailbox Money: Dividends are a great way to bring in income without having to do much at all. Here are some real estate dividend stocks to look at.

Still Bullish: Bitcoin’s rally has stalled out, but here’s why Anthony Scaramucci says we’re still a long way away from the peak.

Cramer’s Calls: Jim Cramer is getting bullish on this fintech company, but says to wait on Rivian.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Producer Inflation Slows To 1.7% Yearly In August, Jobless Claims Align With Expectations

Basically: Price pressures faced by U.S. producers eased in August, marking the slowest year-over-year increase since February in data released Thursday.

So: The headline Producer Price Index (PPI) showed sharper-than-anticipated deceleration, while core inflation remained stable. The report mirrored the pattern of Wednesday’s consumer inflation data. Here’s what the numbers mean for the Fed’s plan to cut rates later this month.

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