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Read More »Why Meta Platforms, Amazon, Alphabet, and Other “Magnificent Seven” Stocks Slumped on Friday
The biggest driver of the market rally since early last year has been the proliferation of artificial intelligence (AI). Many of the world’s largest companies have been investing heavily to stake their claim in the resulting windfall. However, lurking just behind the scenes are concerns about the state of the …
Read More »Nasdaq, S&P 500 see worst week of the year in volatile start to September
US stocks sold off Friday following a weak jobs report for August. But one economist predicts market volatility will likely continue in the months ahead. “I do think we’re probably in an environment now where volatility is going to stay elevated,” Michael Darda, chief economist and macro strategist at Roth …
Read More »Nvidia Stock Is Falling. CEO Jensen Huang Sold Another Chunk of Shares.
Nvidia Stock Is Falling. CEO Jensen Huang Sold Another Chunk of Shares. Source link
Read More »Why Nvidia Stock Is Plummeting Again Today
Nvidia (NASDAQ: NVDA) stock is getting hit with another day of big sell-offs Friday. The company’s share price was down 4.5% as of 1:15 p.m. ET, according to data from S&P Global Market Intelligence. Nvidia stock is losing ground in conjunction with an underwhelming jobs published by the U.S. Labor …
Read More »One of the biggest AI stocks of the year hit with downgrade from JPMorgan
It’s been a terrible couple of weeks for Super Micro Computer (SMCI) stock. Shares of the data center server maker, considered one of this year’s biggest beneficiaries of the AI craze, have cratered 25% since the delay of its annual report in late August, shortly after short seller Hindenburg Research …
Read More »Here’s Why Weight-Loss Drug Maker Eli Lilly Has Reversed
Stock Of The Day: Here’s Why Weight-Loss Drug Maker Eli Lilly Has Reversed When stocks rally, they tend to run into resistance if they reach a price level that had been resistance before. And sometimes, after hitting it they reverse and head lower. As you can see on the chart, …
Read More »Stocks erase gains, head for big weekly losses after jobs report
Monthly revisions to August’s jobs report showed employment was revised down by a combined 86,000 for the months of June and July. But one economist told Yahoo Finance’s Morning Brief the revisions don’t necessarily point to more weakness. “It just confirms the cooling trend that we all identified,” said Joe …
Read More »Stocks open higher after jobs report shows more cooling
US stocks opened higher on Friday as investors digested a crucial jobs report that provided clues to the size of this month’s expected interest rate cut and the resilience of the US economy. Tech stocks reversed earlier losses, with the Nasdaq Composite (^IXIC) up about 0.2% in early trading. The …
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