NYSE Strategist Says Nvidia, Broadcom May Signal Market's Next Move

Jay Woods, chief market strategist at Freedom Capital Markets, said he is watching semiconductor companies Nvidia and Broadcom for signs of where the S&P 500 index could be headed, according to a report published by CNBC.

Woods, described in the report as an insider at the New York Stock Exchange, pointed to the two chip stocks as potential indicators for the broader market's direction, CNBC reported.

The report did not provide additional detail on specific price levels or timeframes associated with Woods' analysis. Nvidia and Broadcom are among the largest publicly traded semiconductor companies and have drawn significant investor attention amid ongoing demand for artificial intelligence-related computing hardware.

CNBC's report was published on September 8, 2026. Further details of Woods' full analysis were not included in the available excerpt of the report.