Financial Digest

All eyes are on Nvidia's stock, so what's been going on?

  • 📰 AP
  • ⏱ Reading Time:
  • 30 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 51%

NVIDIA Corp. News

Financial Markets,Alphabet,Inc.

In the past few days, Nvidia’s shares have lost billions in market value and the chipmaker has slipped off its perch as the most valuable stock on Wall Street. But the concerns may be short-lived. Nvidia Corp.’s stock is up more than 5% in trading on Tuesday.

FILE - A sign for a Nvidia building is shown in Santa Clara, Calif., May 31, 2023. A rebound for Nvidia on Tuesday, June 25, 2024, is helping keep U.S. indexes close to their records Tuesday. FILE - President and CEO of Nvidia Corporation Jensen Huang delivers a speech during the Computex 2024 exhibition in Taipei, Taiwan, June 2, 2024. A rebound for Nvidia on Tuesday, June 25, 2024, is helping keep U.S. indexes close to their records Tuesday.

Market watchers would rather there be more diversification, having concerns seeing just Nvidia and a handful of other companies responsible for much of the S&P 500’s returns recently. They would prefer a market where many stocks are participating in the gains.and the company has played a big role in the U.S. stock market’s recent record runs even as the economy’s growthof high interest rates.

Derren Nathan, head of equity research at Hargreaves Lansdown, said in a statement that while Nvidia’s stock has declined in recent days, one must also look at the bigger picture.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Most of Wall Street rises, but Nvidia tumbles again as AI mania coolsAnother slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed, even as the majority of stocks rallied.
Source: latimes - 🏆 11. / 82 Read more »

Stock market today: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower. U.S. futures and oil prices fell. The Japanese government reported that the inflation rate ticked higher for the first time in three months, to 2.5% in May, up from 2.2% in April.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower.
Source: wjxt4 - 🏆 246. / 63 Read more »

A dip for Nvidia weighs on Wall Street; stock indexes edge back from recordsU.S. stock indexes edged back from their records, weighed down by a rare dip for Wall Street darling Nvidia, after a mixed set of reports on the economy.
Source: latimes - 🏆 11. / 82 Read more »