Short sellers of NVIDIA have seen a significant increase in profits, totaling nearly $5 billion, as a result of the sharp decline in the stock price over the past three trading sessions. Data analytics firm Ortex Technologies reported that the stock price of NVIDIA increased by over 3% on Tuesday, following a 13% decrease in … Read more
US indices saw a rise on Tuesday morning following a three-day sell-off led by Nvidia, a top semiconductor company. The company lost $430 billion in market value within three days after briefly becoming the world’s largest company. Analysts believe the drop was due to profit-taking by investors rather than any fundamental issues with the company. … Read more
Traders on the New York Stock Exchange experienced a rebound in the S&P 500 and Nasdaq Composite, with NVIDIA recovering from a slump, while the Dow Jones Industrial Average was down due to declines in Boeing, Goldman Sachs, and Home Depot. Volkswagen plans to invest up to $5 billion in Rivian, a struggling electric vehicle … Read more
A strategist believes that the recent selloff of Nvidia’s stock could actually benefit the overall stock market. Nvidia, a major player in the tech industry, experienced a dip in its stock price due to concerns about its growth prospects. However, the strategist views this as an opportunity for investors to buy Nvidia at a discounted … Read more
The recent sell-off of Nvidia stock prompted retail investors to see it as an opportunity to buy the dip. The market clock has shown a shift in sentiment, with many small investors taking advantage of the lower stock prices to purchase shares of the technology company. This move indicates a level of confidence in Nvidia’s … Read more
Short sellers of Nvidia stock have raked in an impressive $5 billion from a recent three-day selloff, according to data from Reuters. Nvidia, a major player in the semiconductor industry, experienced a significant drop in its stock value during this period, leading to substantial profits for those who had bet against the company. Short selling … Read more
The recent surge in artificial intelligence trading has impacted the chipmaker NVIDIA and caught the attention of Steve Eisman from Neuberger Berman Group. Eisman, known for his past short bets, sees NVIDIA as a long-term investment despite recent fluctuations. The stock saw a three-day decline followed by a 4.1% gain, leading Eisman to believe it … Read more
The Nasdaq is expected to open higher following a selloff, with Nvidia gaining strength. Article Source https://www.reuters.com/markets/us/nasdaq-futures-rise-nvidia-stabilizes-after-ai-stocks-rout-2024-06-25/
U.S. stocks mostly fell on Monday, with technology stocks like Nvidia driving the decline. Nvidia dropped 5% and is down 14% from its all-time high following a 143% rally this year. Investors are now awaiting PCE inflation data to be released on Friday. According to Constellation Research, the stock decline is due to profit-taking as … Read more
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