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Nvidia, Apple stocks drop as tech sector tumbles

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Julie Hyman Berita

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

 

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