Nvidia, NVDA and Stock market
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Tech stocks drag Nasdaq, S&P
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Nvidia stock has suffered its biggest drop in months amid a broader selloff in highly valued technology companies.
This AI infrastructure play has delivered bigger gains than its larger peers since going public earlier this year.
Nvidia's stock was falling 3.2% in recent trading, enough to push it below its 20-day moving average ($178.49) -- a short-term trend tracker -- for the first time since April 23. That snaps an 80-session streak above the 20-DMA,
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.
Now the largest stock in the world by market cap, Nvidia has gone on several epic runs. Stock splits can be used to make stocks feel more attainable. Nvidia's stock seems to have no limit.
The S&P 500 slipped 0.4% and is on track for a third straight modest loss after setting its all-time high last week. The Dow Jones Industrial Average was up 8 points, or less than 0.1%, as of 11:50 a.m. Eastern time, and the Nasdaq composite was down 1%.
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CSX, Intel, Palantir, Nvidia, Merck: What Sparked Heavy After-Hours Trading In These 5 Stocks?
Tech rout led to another session of weakness on Wall Street on Tuesday as heavily-weighted Nvidia (NVA), peer AMD (AMD), and data analytics company Palantir (PLTR) all serving as drags. As the market struggles to regain its footing,
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