These 10 stocks usually rise when Nvidia shares fall

NVIDIA Corp News

These 10 stocks usually rise when Nvidia shares fall
Xcel Energy IncCoca-Cola CoKeurig Dr Pepper Inc

While Nvidia tanked by nearly 12% last month, stocks identified by CNBC Pro rose by 9%.

  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 61%
  • Publisher: 72%

Several stocks in the S & P 500 often rise whenever Nvidia shares fall, according to a

Pro screened for stocks in the S & P 500 that were inversely correlated to Nvidia's over July, a month in which the chip maker's stock declined by 11.6%. In contrast, the stocks identified by line A combination of disappointing tech earnings and impending interest rate cuts has weakened some of the bullish sentiment toward technology and semiconductor stocks . Instead, investors have recently been rotating into smaller-cap names, sending the Russell 2000 index 10.9% higher in July. By comparison, the S & P 500 notched a 1.1% gain, while the tech-heavy Nasdaq Composite eased 0.8%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in UK
 

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines



Render Time: 2025-01-17 16:04:06