Analysis: Nvidia’s shares are on fire. The broader market looks less rosy | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.

New York CNN  — 

Nvidia’s eye-popping gains this year have helped propel the stock market to repeated record highs. But beneath the surface, the rally is looking uneven.

The S&P 500 index has jumped nearly 15% so far in 2024, notching 31 new peaks along the way. Much of those returns have been driven by the mega-cap Magnificent Seven stocks,

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