NVIDIA is a highly volatile stock that experiences extreme ups and downs, as shown in the chart. The stock split earlier this month did not reduce its volatility. Analysts have raised earnings forecasts, but the stock is considered a little expensive with a high P/E ratio. Despite strong earnings, the stock may be overvalued, which … Read more
Bitcoin and Nvidia Corp. experienced significant declines, breaking the notion that the market’s hottest trades are always profitable. Bitcoin faced a steep drop, leaving investors hoping for $60,000 to act as a technical support level. Nvidia, known for its role in the AI revolution, lost almost 7% of its value in just three days, marking … Read more
Market Domination Overtime with Julia Hyman and Jared Blikre looked at the day’s market activity, with the Nasdaq Composite falling by nearly 1.10% while the Dow Jones Industrial Average rose by 260 points. The tech indices took a hit, particularly due to Nvidia’s continued liquidation. The Dow Jones outperformed today, rising by two-thirds of 1%, … Read more
Nvidia CEO Jensen Huang spoke at the COMPUTEX forum in Taipei, Taiwan, on June 4, 2024. Following a brief stint as the most valuable company in the world, Nvidia has experienced a three-day decline, dropping 13% from its high. This decrease has had a ripple effect on other chipmakers and technology companies connected to the … 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, a prominent tech company, has experienced a significant decrease in its market value, resulting in a $430 billion liquidation. Traders are now closely examining the company’s charts in search of potential support levels. With Nvidia being a key player in the technology industry, this sudden decline has captured the attention of many in the … 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
Investor sentiment in Asian markets may be dampened on Tuesday due to profit-taking in U.S. Big Tech and AI stocks. This trend could be offset by a rotation towards cheaper and weakened sectors. While the Dow Jones reached a one-month high on Monday, the Nasdaq fell for the third consecutive day, leading to caution ahead … Read more
Wall Street had high hopes for a stock market rally at the start of 2024, but it has not materialized as expected. Nvidia has been a major contributor to the S&P 500’s gains this year, but recent data suggests that the market may not see a significant extension of the rally. Mike Wilson, Chief Investment … Read more
Investors experienced a significant dip in technology stocks as companies like Nvidia, Dell, Arm, Qualcomm, and Broadcom saw their shares drop in value. Despite the recent decline, many of these companies have seen substantial gains over the past few years as interest in artificial intelligence technology has grown. Nvidia, in particular, has seen its value … Read more