On Monday, U.S. stocks experienced a decline, largely influenced by a sell-off in tech stocks, particularly Nvidia. The tech giant saw a 5% drop and is now down 14% from its recent all-time high, following a 143% surge this year. This decline is mainly attributed to profit-taking after the significant rally experienced by Nvidia. Investors … Read more
Intel’s stock closed at $30.57, down 1.67%, as compared to the previous day’s performance. The stock underperformed the S&P 500’s loss of 0.31%, with the Dow Jones seeing a gain of 0.67% and the Nasdaq falling 1.09%. Over the past month, Intel’s shares have increased by 1.2%, lagging behind the Computer and Technology sector’s 6.41% … Read more
Broadcom Inc. is currently experiencing a reversal in its stock price, possibly leading to a significant move lower. This has caught the attention of trading experts, who have designated Broadcom as the “Stock of the Day.” A change in market leadership, whether from bears to bulls or vice versa, can result in a reversal pattern … Read more
Today, on Bloomberg’s afternoon briefing, the stock market showed signs of losing traction with Nvidia’s stock sinking. This news comes amidst a volatile market where investors are closely monitoring various sectors for fluctuations and shifts. Nvidia, a prominent technology company, experienced a drop in its stock value, which has had broader implications for the overall … Read more
In the recent market close, Intel (INTC) ended at $30.57, experiencing a -1.67% drop compared to the previous day. This performance was weaker than the S&P 500’s 0.31% decline. The Dow Jones saw a 0.67% increase while the Nasdaq, focused on technology, fell by 1.09%. Over the past month, shares of Intel, the largest chipmaker … Read more
Nvidia is currently experiencing a significant selloff, with its stock falling 13% following a brief period of surpassing Microsoft as the world’s most valuable company. This drop has pushed Nvidia into a technical correction for the first time since April, causing concern among traders. Technical analysts are now looking at support levels, with short-term support … Read more
Nvidia, once the world’s most valuable company, has lost over $500 billion in market value in recent days, with shares falling nearly 7% on Monday. Despite surpassing Microsoft and Apple in value, the tech giant has fallen to third place. Concerns about Nvidia’s impact on the S&P 500 have grown, with some analysts warning of … Read more
The S&P 500 and Nasdaq Composite fell from their all-time highs last week, mainly due to Nvidia’s continued decline, which lost more than 6% on the day. As Nvidia and other tech giants carry much weight in the S&P 500, the future of the index is uncertain. Yahoo Financial Markets Reporter Josh Schäfer delves deeper … Read more
Oracle Corp. raised concerns that a new law signed by President Joe Biden in April could potentially ban TikTok in the United States and negatively impact its financial results. The law would make it illegal to provide internet hosting services to TikTok unless its China-based owners take specific actions. Oracle, which provides cloud infrastructure services … Read more
Nvidia’s stock fell after the company reported lower than expected revenue for the quarter. The European Union has also fined Apple for antitrust violations. Article Source https://www.bloomberg.com/news/videos/2024-06-24/nvidia-s-slide-and-apple-s-eu-fines-bloomberg-technology