Nvidia (NVDA) Stock Slides as Chip Selloff Gains Pace
Investors sold AI hardware and infrastructure names after election results raised concern that new data-center projects could slow, with some stocks falling 10% or more.
5 Articles
5 Articles
Since October 6, about $4 trillion has been wiped off the value of major chip stocks. The question now is whether this is the end of the decline: Dan Ives expects chips to fall another 10%-12%, and Fundstrat's Tom Lee sees an "overreaction" and predicts a 20% rally in technology.
The Motley Fool
BizTocThe AI Selloff Is Getting Worse. Nvidia, Dell and Data Center Stocks Are Plunging Hard. Is It Time to Buy the Dip?
A day after the midterms hammered AI stocks, the selling deepened and dragged the whole market down with it. Here's what's driving it and whether it's a chance to buy.
Chips Selloff Worsens as Fears About AI Trade Grip Stock Market
Shares of semiconductor stocks plunged on Thursday, extending a recent selloff as investors turn skeptical on the artificial intelligence trade after the Democrats dominated the midterm elections.
Nvidia (NVDA) Stock Slides as Chip Selloff Gains Pace
TLDR Nvidia stock declined in Thursday premarket trading as investors sold semiconductor shares following the US midterm elections. Micron and the SOXX semiconductor fund also declined, while analysts offered different forecasts for technology stocks. Nvidia traded below its 20-day, 50-day, and 200-day moving averages as selling pressure continued. Nvidia will report earnings on November 17, [...]
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