Even tech stocks like Nvidia need to take a break: Analyst

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Nvidia أخبار

Alex Morris,Big Tech,Market Momentum

The broader market has been in flux with the tech-heavy S&P 500 (^GSPC) down for the last trading week. Recent geopolitical tensions in the Middle East...

. Recent geopolitical tensions in the Middle East haven't been the sole detractor from 2024's market momentum. One of the leaders in the S&P is chip-making powerhouse Nvidia which is down 15% over the past month. Is the rally for Big Tech players over or just on a pause?

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Reuters/Office of the Iranian Supreme Leader/WANAIran warned on Thursday that it might review its nuclear “doctrine,” threatening a potential break from the publicly stated “peaceful” objectives of its nuclear program.“The threats of the Zionist regime against Iran's nuclear facilities make it possible to review our nuclear doctrine and deviate from our previous considerations,” said Ahmad Haghtalab, a top Iranian Revolutionary Guards commander, according to Tasnim.

 

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Stock market today: Tech leads stock slide, Nvidia falls almost 4%Investors have put rate-cut worries on the backburner to focus on earnings season instead.
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