Don't be a buyer in Nvidia's bear market, expert warns

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 72 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 63%

Nvidia News

Gartman Letter,Dennis Gartman

As the tech sector faced intense volatility in the prior trading week, semiconductor manufacturer Nvidia (NVDA), in particular, has come under pressure. The ...

), in particular, has come under pressure. The former Gartman Letter editor and publisher Dennis Gartman joins Morning Brief to discuss"Each low recently has been lower. Each high has been lower. I think we're in a bear market in Nvidia, and I would not be a buyer. I'd rather own consumer disposables, I'd rather own REITs , I'd rather own dividend-paying stocks. I'll avoid Nvidia," the University of Akron endowment committee chairman tells Yahoo Finance.

I think it was just about a month, maybe a month and a half ago that the A was egregiously over expensive and take a look at the decline that we have seen NVIDIA since you did make those comments and had been trading right around 100 bucks a share.You can see that we made a high in July.Why do you think we're in a bear market for NVIDIA?

Horses crossed the Baltic Sea in ships during the late Viking age and were sacrificed for funeral rituals according to a new study.Stocks Climb As Inflation Eases; Starbucks Rallies After Stealing Chipotle CEO Global Contract Packaging Market Global Contract Packaging Market Dublin, Aug. 13, 2024 -- The "Contract Packaging - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.The global market for Contract Packaging is estimated at US$78.0 Billion in 2023 and is projected to reach US$140.0 Billion by 2030, growing at a CAGR of 8.7% from 2023 to 2030.

Global Automatic Identification Systems Market Global Automatic Identification Systems Market Dublin, Aug. 13, 2024 -- The "Automatic Identification Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.The global market for Automatic Identification Systems is estimated at US$292.6 Million in 2023 and is projected to reach US$442.6 Million by 2030, growing at a CAGR of 6.1% from 2023 to 2030.

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 İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Tech still reigns, bond yields bounce back: Market trendsDespite a volatile week on Wall Street, investors still seem to love tech. Semiconductor stocks closed largely in the green, despite Nvidia (NVDA) falling...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »