Nvidia tumbles, leading chip stocks lower

Chip stocks have been rising in the past year on optimism that the AI boom will require companies to buy more semiconductors and memory.fell 6%. The SMH, an index that tracks semiconductor stocks, was down 6%, on pace for its biggest one-day loss in a month.that came in below consensus expectations — raising fears about the strength of the economy but also potentially increasing chances that the Federal Reserve will cut interest rates.

The sector has been led by Nvidia, which is still up nearly 129% so far in 2024, and which dominates the market for AI data center chips.Other chip companies want investors to recognize their AI products and the potential for growth. Intel and AMD sell AI chips as well, though demand for them is less than for Nvidia's products.

that can run AI programs on the device itself, instead of relying on servers in the cloud. Broadcom, which works with big companies to develop custom AI chips, reports third-quarter earnings on Thursday.Crime and Courts

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S&P 500 futures rise marginally as Wall Street looks toward Nvidia earnings: Live updatesStocks rose modestly on Tuesday, with Nvidia giving the S&P 500 and Nasdaq Composite a boost.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Stock futures are little changed as Wall Street looks toward Nvidia earnings: Live updatesStocks rose modestly on Tuesday, with Nvidia giving the S&P 500 and Nasdaq Composite a boost.
출처: nbcchicago - 🏆 545. / 51 더 많은 것을 읽으십시오 »

Stock Market Today: S&P 500 ekes gain as Nvidia slip weighsStock Market Today: S&P 500 ekes gain as Nvidia slip weighs
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

​​​FTSE 100, DAX 40 and S&P 500 are taking a breather ahead of Nvidia earnings​​​​​​​FTSE 100, DAX 40 and S&P 500 are taking a breather ahead of Nvidia earnings​​ on Wednesday and US PCE as well as European inflation reports out on Friday.​
출처: DailyFX - 🏆 305. / 63 더 많은 것을 읽으십시오 »