Early Update – Crowding Back Into Crowded Trades

11:42 a.m. ET After a week and a half of slowly moving out of the concentrated leadership names, Nvidia’s results have investors pouting back in them. Speculative buzz related to NVDA’s report has money flowing into other growth stocks, AI stocks, and semiconductor stocks. Separately, the S&P Global US Manufacturing PMI rose to 51.5 in the…