News Formal

Nvidia Shares Dip, But AI Boom Continues to Drive Market

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 26 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Technology News

Nvidia,AI,Semiconductor

Nvidia's stock price fell on Monday, marking a correction from its November highs. However, the company remains up significantly for the year and its position in the AI and semiconductor industry remains strong. The broader market, particularly the Nasdaq Composite, continues to climb fueled by investments in AI and related technologies.

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

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:

 /  🏆 270. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: Investingcom - 🏆 450. / 53 Read more »

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
Source: Investingcom - 🏆 450. / 53 Read more »

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
Source: Investingcom - 🏆 450. / 53 Read more »

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.
Source: CNBC - 🏆 12. / 72 Read more »