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Nvidia Correction and Market Downturn

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Nvidia,Stock Market,AI

Nvidia's stock price fell into correction territory, marking the eighth consecutive day of losses for the Dow Jones Industrial Average. The market is showing signs of realizing that there are other beneficiaries of the AI boom beyond Nvidia. Meanwhile, the Federal Reserve is expected to cut interest rates further in the coming months.

Nvidia, meanwhile, fell into correction territory.S&P 500sank 0.25%. It was the eighth day of losses for the Dow, marking its longest run of losses since 2018. FollowPeople visit the Nvidia booth during the Apsara Conference 2024 at Yunqi Town in Hangzhou, Zhejiang Province of China, on Sept. 19, 2024.Monday, ending the day about 11% off its closing high of $148.88 reached last month. The chipmaker, which has become a favorite AI-related trade, is still up 166% this year.

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