Nvidia Shares Dip, But AI Boom Continues to Drive Market

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeshares 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.

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."

Most conspicuously, Broadcom shares have hammered the accelerator, surging forward on Friday and Monday on the back of a glowing

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stock market today: S&P 500 closes lower as Nvidia, AMD lead dip in techStock market today: S&P 500 closes lower as Nvidia, AMD lead dip in tech
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Asia stocks dip as Nvidia brings little cheer; India slides amid Adani scandalAsia stocks dip as Nvidia brings little cheer; India slides amid Adani scandal
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Asia stocks dip as Nvidia brings little cheer; India in focus amid Adani scandalAsia stocks dip as Nvidia brings little cheer; India in focus amid Adani scandal
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Nvidia Stocks Dip Despite Strong YearNvidia shares fell into correction territory after a recent dip, but the company still boasts strong performance this year. The article discusses the reasons for the decline and the broader market context.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »