Market Moves: Nvidia Correction, Waymo in Tokyo, and Small-Cap Surge

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. Shares 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. Moreover, other chipmakers, like Broadcom, are benefiting from the AI boom.

Starting 2025, Waymo, the Alphabet-owned autonomous driving company, will launch its robotaxi service in Tokyo. Small- and mid-cap companies in the U.S. have been attracting attention — and inflows — in recent weeks, thanks to Trump's ostensible focus on the domestic economy. Across the Atlantic, Playing the stock market can feel like a game of Mario Kart. (For those who haven't been acquainted with the joys of Mario Kart, it's a racing game involving Nintendo's Mario and friends.) One moment you're breezily in the lead, the next someone lagging behind speeds past you because you faltered a bend. by a Chinese regulator, there hasn't been any other major bumps on the road: In fact, the company's fundamentals are 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.' The fact that the Nasdaq Composite closed at another record despite Nvidia falling is a sign of that rotation into other semiconductor and AI-related stocks. Most conspicuously, Broadcom shares have hammered the accelerator, surging forward on the back of a glowin

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