Shares of Nvidia have dropped by 6% prompting investors to abandon the chip heavyweight. This loss has resulted in the company losing over $500 billion in market value since briefly holding the title of the world’s most valuable company last week. This decline was driven by investors taking profits as the company’s valuation rose significantly. Nvidia’s stock has seen an increase of over 180% this year alone. Concerns are now rising about potential contagion effects impacting other big tech names if Nvidia continues to lose ground. CEO Jensen Huang’s selling of shares this month through a trading plan has also added to the perception that the stock may be overvalued.
On the other hand, outflows from US Bitcoin exchange-traded funds (ETFs) have hit $1.3 billion in the last two weeks while the digital asset remains stable above $61,000, despite a dip to $59,200. BlackRock’s Bitcoin ETF has seen positive results, with $43.1 million in inflows over the same period, while Grayscale has experienced outflows of $517.3 million. Bitcoin faces pressure from cooling ETF demand and uncertainty surrounding potential interest rate cuts by the US Federal Reserve.
Trump Media & Technology Group Stock has seen an increase in pre-market trading ahead of the Thursday debate between President Biden and former President Donald Trump. The company behind Truth Social has experienced a drop in stock price after Trump was found guilty of falsifying business records. Airbus shares took a hit of over 10% early in the morning after revising its annual profit forecast due to supply chain disruptions and challenges in its space business. The company now expects to deliver 770 aircraft this year and has adjusted its production target of A320neos. This adjustment is mainly due to supply chain issues and other challenges in its space systems.
In conclusion, Nvidia’s shares have declined significantly leading to concerns among investors. Bitcoin is facing pressures from outflows in ETFs and uncertainty around interest rate cuts. Trump Media & Technology Group Stock has shown an increase ahead of the debate between President Biden and former President Trump. Airbus has revised its profit forecast due to supply chain disruptions and issues in its space business. The market remains volatile with fluctuations in various sectors.
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https://uk.finance.yahoo.com/news/trending-tickers-nvidia-bitcoin-trump-media-and-airbus-083927468.html
