{"id":46894,"date":"2026-05-18T15:19:10","date_gmt":"2026-05-18T15:19:10","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/s-nvidianin-bilancolari-bekleniyor\/"},"modified":"2026-05-18T15:19:10","modified_gmt":"2026-05-18T15:19:10","slug":"s-nvidianin-bilancolari-bekleniyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/s-nvidianin-bilancolari-bekleniyor\/","title":{"rendered":"S&P 500\u2019\u00fcn yedi haftal\u0131k y\u00fckseli\u015fi, tahvil getirileri ve petrol\u00fcn y\u00fckselmesiyle s\u0131nan\u0131yor; Nvidia\u2019n\u0131n bilan\u00e7olar\u0131 bekleniyor"},"content":{"rendered":"

S&P 500 endeksi, haftay\u0131 %0,13 art\u0131da kapatarak \u00fcst \u00fcste 7\u2019nci haftal\u0131k y\u00fckseli\u015fini kaydetti; bu, 2023\u2019ten bu yana en uzun haftal\u0131k y\u00fckseli\u015f serisi oldu. Ancak Cuma g\u00fcn\u00fc endeks %1,24 gerileyerek, tahvil faizleri ve petrol fiyatlar\u0131 y\u00fckselirken Mart\u2019tan bu yana en sert g\u00fcnl\u00fck d\u00fc\u015f\u00fc\u015f\u00fcn\u00fc ya\u015fad\u0131.<\/p>\n

Di\u011fer piyasalarda haftal\u0131k kay\u0131plar daha belirgin oldu: Avrupa\u2019da STOXX 600 %0,85, Japonya\u2019da Nikkei %2,08 d\u00fc\u015ft\u00fc. Cuma g\u00fcnk\u00fc hareketlerde STOXX 600 %1,48, Nikkei %1,99 geriledi.<\/p>\n

K\u00fcresel Piyasalarda Temkinli Hava<\/h3>\n

Asya borsalar\u0131 geriledi: Nikkei %0,83, Hang Seng %1,35, CSI 300 %0,69, Shanghai Composite %0,22 d\u00fc\u015ft\u00fc. ABD ve Avrupa vadeli i\u015flemleri (futures: gelecekteki bir tarihte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmeleri) de zay\u0131flad\u0131; S&P 500 vadeli i\u015flemleri %0,60, DAX vadeli i\u015flemleri %0,94 ekside.<\/p>\n

Dikkatler \u00e7ar\u015famba g\u00fcn\u00fc a\u00e7\u0131klanacak Nvidia bilan\u00e7osuna \u00e7evrildi. Nvidia\u2019n\u0131n piyasa de\u011feri 5,46 trilyon dolar.<\/p>\n

S&P 500\u2019\u00fcn 7 haftal\u0131k y\u00fckseli\u015f serisi bask\u0131 alt\u0131na girerken piyasada \u201cyorgunluk\u201d i\u015faretleri g\u00f6r\u00fcl\u00fcyor. Endeksin Mart\u2019tan bu yana en sert g\u00fcnl\u00fck d\u00fc\u015f\u00fc\u015f\u00fcn\u00fc ya\u015famas\u0131, haftal\u0131k y\u00fckseli\u015f serisi s\u00fcrse bile, risk i\u015ftah\u0131nda zay\u0131flamaya i\u015faret ediyor. Bu dalgalanan ivme, oynakl\u0131\u011f\u0131n (volatilite: fiyatlar\u0131n k\u0131sa s\u00fcrede sert ini\u015f-\u00e7\u0131k\u0131\u015f yapmas\u0131) artabilece\u011finin bir \u00f6n sinyali olabilir.<\/p>\n

Temel endi\u015fe, artan tahvil faizleri ve petrol fiyatlar\u0131n\u0131n \u201cstagflasyon\u201d (ekonomik durgunlukla birlikte y\u00fcksek enflasyonun ayn\u0131 anda g\u00f6r\u00fclmesi) korkular\u0131n\u0131 beslemesi. 10 y\u0131ll\u0131k ABD Hazine tahvili faizi (Treasury yield: devlet tahvilinin piyasa faiz oran\u0131) k\u0131sa s\u00fcre \u00f6nce %4,75\u2019e \u00e7\u0131karak y\u0131l\u0131n zirvesini g\u00f6rd\u00fc. WTI ham petrol (ABD tipi ham petrol g\u00f6stergesi) ise varil ba\u015f\u0131na 95 dolar\u0131n \u00fczerinde i\u015flem g\u00f6r\u00fcyor; bu durum hem t\u00fcketiciyi hem de \u015firket k\u00e2r marjlar\u0131n\u0131 (sat\u0131\u015f gelirinden maliyetler \u00e7\u0131kt\u0131ktan sonra kalan oran) bask\u0131l\u0131yor. Bu makro bask\u0131lar, hisselerin y\u00fckseli\u015fini s\u00fcrd\u00fcrmesini zorla\u015ft\u0131r\u0131yor.<\/p>\n

Oynakl\u0131k ve Korunma Stratejileri<\/h3>\n

Bu tedirginlik, CBOE Volatilite Endeksi\u2019ne (VIX: S&P 500 i\u00e7in beklenen dalgalanmay\u0131 \u00f6l\u00e7en \u201ckorku endeksi\u201d) de yans\u0131d\u0131; VIX, son 10 i\u015flem g\u00fcn\u00fcnde 13 seviyesinden 18\u2019in \u00fczerine \u00e7\u0131kt\u0131. Beklenen oynakl\u0131ktaki bu h\u0131zl\u0131 art\u0131\u015f, opsiyonlarla koruma stratejilerini g\u00fcndeme getiriyor. Bu ortamda, SPY gibi geni\u015f piyasa endekslerini izleyen \u00fcr\u00fcnler \u00fczerinde uzun vadeli sat\u0131m opsiyonlar\u0131 (put option: belirli fiyattan satma hakk\u0131 veren s\u00f6zle\u015fme) portf\u00f6y korunmas\u0131 (hedge: olas\u0131 d\u00fc\u015f\u00fc\u015flere kar\u015f\u0131 sigorta) i\u00e7in daha cazip hale gelebilir.<\/p>\n

Benzer bir tablo, 2025 sonundaki k\u0131sa s\u00fcreli sat\u0131\u015f dalgas\u0131 \u00f6ncesinde de g\u00f6r\u00fclm\u00fc\u015ft\u00fc. \u015eu anda Avrupa ve Asya piyasalar\u0131 daha sert d\u00fc\u015f\u00fc\u015flerle riskten ka\u00e7\u0131\u015f (risk-off: yat\u0131r\u0131mc\u0131lar\u0131n riskli varl\u0131klardan \u00e7\u0131kmas\u0131) sinyali veriyor; STOXX 600 ve Nikkei, ABD piyasalar\u0131na k\u0131yasla daha g\u00fc\u00e7l\u00fc geriliyor. Bu k\u00fcresel temkinli hava, sat\u0131\u015f bask\u0131s\u0131n\u0131n ABD piyasalar\u0131na daha belirgin \u015fekilde s\u0131\u00e7rayabilece\u011fini d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor.<\/p>\n

T\u00fcm dikkatler \u00e7ar\u015famba g\u00fcn\u00fc a\u00e7\u0131klanacak Nvidia bilan\u00e7osunda. 5,46 trilyon dolarl\u0131k piyasa de\u011feri nedeniyle \u015firketin sonu\u00e7lar\u0131 ve ileriye d\u00f6n\u00fck beklentileri (guidance: \u015firketin gelecek d\u00f6neme ili\u015fkin sat\u0131\u015f\/k\u00e2rl\u0131l\u0131k \u00f6ng\u00f6r\u00fcs\u00fc), teknoloji sekt\u00f6r\u00fc ve genel piyasa alg\u0131s\u0131 i\u00e7in \u00f6nemli bir test olacak. Nvidia opsiyonlar\u0131nda \u201cima edilen oynakl\u0131k\u201d (implied volatility: opsiyon fiyatlar\u0131na yans\u0131yan beklenen dalgalanma) \u00e7ok y\u00fcksek; bu da yat\u0131r\u0131mc\u0131lar\u0131n a\u00e7\u0131klama sonras\u0131nda fiyat\u0131n iki y\u00f6nde de sert hareket edebilece\u011fini fiyatlad\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n","protected":false},"excerpt":{"rendered":"

S&P 500 yedi haftal\u0131k ralliye ra\u011fmen Cuma %1,24 d\u00fc\u015ferek yorulma sinyali verdi; tahvil faizi %4,75, petrol 95+ ve VIX 18+ stagflasyon korkusunu t\u0131rmand\u0131rd\u0131. G\u00f6zler Nvidia bilan\u00e7osunda.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-46894","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=46894"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46894\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}