Is Nvidia desperately supporting and covering up the market's retreat? The market never lacks stories, it lacks the eyes to recognize the essence of stories. On the surface, as long as NVDA rises, the index stabilizes and even has a small bullish candlestick; But upon closer inspection of the weight structure and capital flow, it is highly likely that institutions are using "cosmic exercise stocks" as a cover. The logic is actually quite simple: the overall market width has significantly narrowed, non AI and non heavyweight stocks are generally sluggish, and the comparison between the number of limit up and limit down companies is becoming increasingly difficult; NVIDIA's plate is large enough and has excellent liquidity. A slight increase in volume can lift the Nasdaq and S&P, masking the quiet shipments of second - and third tier technology stocks and small and medium-sized enterprises; The concentration of positions held by main players/institutions is too high. Once they really want to reduce their positions, it is impossible to openly smash the market. The most effective way is to let the leading players maintain a strong appearance, creating the illusion of "the bull market is not over" for retail investors and belated funds, and then distributing them calmly. In the past few years, we have seen too many similar plotlines: a few super large stocks are struggling with the index, but the trading volume is becoming increasingly strange, the turnover rate is decreasing, the volume and price are deviating, and one day the leader suddenly releases a huge amount of stagnant price or a high level of bearish candlestick, only to realize that the main force has already run away. At this stage, every move by NVIDIA is worth asking: is this really a relay of incremental funds, or is it just a smoke bomb to cover for teammates' retreat? Huang Renxun's super positive news has further raised expectations and can deceive another group of people into getting on the bus in the short term. But historical experience tells us that this kind of scene of "single core flight covering retreat" usually doesn't look very good at the end. In terms of operation, there are only two sentences: for those who have goods in hand, they should be optimistic about whether Nvidia can firmly hold its key position before deciding whether to continue holding the position; For those who are out of stock or have light inventory, it's better to miss out on a wave of gains than to rush into being the last "volunteer army" to take over. Bitget buys US stocks: instant entry, silky trading https://www. (bitget.com)/markets/stocks