Stock Market Today: Dow edges lower
Digest more
Nvidia (NASDAQ: NVDA) shares fell 3.5% on Tuesday, closing at $175.64, as tech stocks broadly pulled back following a recent rally. The chipmaker traded 183 million shares, just above its three-month average of 181 million, signaling a cooling of momentum after reaching record highs earlier this month.
1h
Investor's Business Daily on MSNNvidia Stock Sinks On Fears Of AI Bubble, AI Winter
In morning trades on the stock market today, Nvidia stock fell roughly 2% to 172.33. On Tuesday, Nvidia dropped 3.5% to close at 175.64. Other AI stocks falling on bubble fears include Advanced Micro Devices AMD, Broadcom AVGO, Dell Technologies DELL, Palantir Technologies PLTR and Super Micro Computer SMCI.
The sudden reversal shows how the hottest AI trade and top-performing stock of the year is colliding with a broader market rotation out of Big Tech.
This AI infrastructure play has delivered bigger gains than its larger peers since going public earlier this year.
Nvidia, Palantir and other superstar AI stocks are under pressure again and dragging Wall Street lower. The S&P 500 fell 0.6% Wednesday and was on track for a fourth straight
56m
Futurism on MSNAI Industry Trembles as Nvidia's Stock Nosedives
Shares of AI chipmaker Nvidia plunged on Wednesday, dropping by over two percent in early trading. A major tech selloff caused major players in the AI industry to lose out big. Nvidia, in particular,
Should you Buy Or Fear Nvidia stock? For event-driven traders, historical trends might provide an advantage, whether by positioning prior to earnings or responding to post-release movements. That said,
The week’s biggest news for Wall Street is likely arriving on Friday, when Federal Reserve Chair Jerome Powell will give a highly anticipated speech in Jackson Hole, Wyoming. The setting has been home to big policy announcements from the Fed in the past, and the hope on Wall Street is that Powell will hint that an interest rate cut is coming soon.
Nvidia ( NVDA) may be the market's biggest AI stock, but institutional investors are still shying away. "NVDA is now the most under-owned large-cap tech stock," Morgan Stanley analyst Erik Woodring wrote in a note.