Nvidia Shares Ease After Recent Surge, Market Focus Shifts

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Nvidia,Semiconductor,Artificial Intelligence

Nvidia's stock price dipped slightly after its remarkable performance this year, while other semiconductor and AI-related companies are gaining traction. The market continues to show strong interest in the sector, even as concerns about a potential correction in Nvidia's share price arise.

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

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