Nvidia, Apple stocks drop as tech sector tumbles

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 54 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 63%

Julie Hyman News

Global Market,Apple,Market Domination

The tech sector is under pressure amid a global market sell-off. Market Domination Hosts Julie Hyman and Josh Lipton break down some of the biggest moves in ...

Those shares are under pressure as its new A I chip could face a delay.That report came out late last week, but it's still affecting the stock here this morning as it pushes back by 7% the information saying that there was some concern about the design flaws and most of the analyst chatter I've seen about this has said they think that NVIDIA can overcome this and then it'll be fine.Yeah, Bernstein Stacy Razon telling clients is not panicking at this point.

Broad black well sampling the next generation has started and our production is on track to ramp in the second half.In the meantime, NVIDIA's shares are down some 25% since their record high in June 18th.Meanwhile, Warren Buffett's books halfway slashing its stake in Apple, selling nearly half of its Apple stock.Julie Berkshire cuts the apple steak roughly in half.Berkshire still has Apple as its number one position.

The data analytics company also forecast third-quarter sales above estimates and reported its largest ever quarterly profit, in the April-to-June period, CEO Alex Karp said in a letter to shareholders. Its AI platform, used to test, debug code and evaluate AI-related scenarios, has enabled Palantir to tap into the surging demand for services that help companies develop generative AI technology. The company co-founded by billionaire Peter Thiel now expects annual revenue between $2.

Mineralys Therapeutics to Announce Second Quarter 2024 Financial Results and Host Conference Call on Tuesday, August 13, 2024

 

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:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Nvidia stock tanks as Magnificent 7 shares see worst market cap loss everNvidia led the Magnificent 7 stocks lower Monday as the group saw its biggest market cap wipeout ever.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 5%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally after Fed decision, Nvidia surgesA tech revival is helping lift stocks, as investors digest the Federal Reserve's decision to hold interest rates steady.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally before Fed decision as Nvidia surgesA tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally before Fed as Nvidia surges 7%A tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »