Nvidia Shares Ease After Recent Surge, Market Focus Shifts

Shares fell 1.7% on Monday to close at $132. That's around 11% off its closing high of $148.88 in November, putting. That said, Nvidia is still up 166% this year, and a correction doesn't necessarily signal a sustained downward trend. Moreover, other chipmakers, like Alphabet, are also seeing strong growth.

Alphabet announced Monday that it will start testing its self-driving taxi service in Tokyo starting in 2025, the company's first entry into an international market — and left-hand-drive road. Local taxi operator Nihon Kotsu and taxi app GO will be Waymo's partners in Tokyo.Small- and mid-cap companies in the U.S. have been attracting attention — and inflows — in recent weeks, thanks to Trump's ostensible focus on the domestic economy. Across the Atlantic,(For those who haven't been acquainted with the joys of Mario Kart, it's a racing game involving Nintendo's Mario and friends.) One moment you're breezily in the lead, the next someone lagging behind speeds past you because you faltered a bend.by a Chinese regulator, there hasn't been any other major bumps on the road: In fact, the company's fundamentals are As Keith Lerner, co-chief investment officer at Truist, points out, Nvidia's position in the semiconductor and artificial intelligence industry remains unchanged.'You need Nvidia, and you need their chips for infrastructure,' said Lerner.'But I think what the market's also saying is that there are other beneficiaries beyond that.' The fact that the Nasdaq Composite closed at another record despite Nvidia falling is a sign of that rotation into other semiconductor and AI-related stocks. Most conspicuously, Broadcom shares have hammered the accelerator, surging forward on Friday and Monday on the back of a glowing 'Momentum has been driving this stoc

Australia Australia Latest News, Australia Australia Headlines

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

Stock market today: Asian shares mostly slip despite Nvidia's solid earnings reportAsian shares have mostly fallen after a mixed close on Wall Street, with regional markets shrugging off a strong profit report from Nvidia that was released after U.S. markets closed.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares mostly slip despite Nvidia's solid earnings reportAsian shares have mostly fallen after a mixed close on Wall Street, with regional markets shrugging off a strong profit report from Nvidia that was released after U.S. markets closed.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock futures are little changed as Nvidia shares slip after earnings report: Live updatesThe moves follow a mixed day on Wall Street.
Source: nbcchicago - 🏆 545. / 51 Read more »

Stock market today: Asian shares mostly slip despite Nvidia's solid earnings reportAsian shares have mostly fallen after a mixed close on Wall Street, with regional markets shrugging off a strong profit report from Nvidia that was released after U.S. markets closed. Oil prices climbed and U.S. futures were lower. Technology shares in Tokyo declined as analysts reacted to Nvidia's lower-than-hoped for profit forecasts.
Source: AP - 🏆 728. / 51 Read more »

Jim Cramer's top 10 things to watch in the stock market ThursdayNvidia shares turned positive, and Snowflake surged after reporting the quarter we were looking for.
Source: CNBC - 🏆 12. / 72 Read more »