Nvidia stock slips ahead of earnings
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AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker's drop of 3.2% brought its loss for the month to nearly 11%, putting it in "correction" territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial results on Wednesday.
The seemingly sturdy U.S. stock market has begun to wobble. Its months-long tech-driven rally may be running out of steam amid broader uncertainty about the U.S. economy’s outlook.
One thing that helped Tesla stock buck the market trend was a price target hike from Stifel analyst Stephen Gengaro. On Sunday, he took his target to $508 from $483 and kept his Buy rating on shares, citing improved performance of Tesla’s Full-Self Driving driver assistance product.
Major stock indexes ended sharply lower to begin the week, which will see AI darling Nvidia and retail giants report quarterly results, as well as the release of the September jobs report delayed because of the U.
Let’s delve into the details of each of the evaluated factors, but first, for a quick background: With a $917 Bil market cap, Eli Lilly offers pharmaceuticals globally, focusing on treatments for cancers, rheumatoid arthritis, psoriasis, and other autoimmune disorders.
Palantir Stock Falls Below 50-Day Moving Average. Why It’s Under Pressure.
Micron (MU) is positioned to benefit from a DRAM supply crunch driven by surging AI demand, supporting a continued boom phase into FY26.
D stock is presently trading in the support range ($58.42 – $64.58), levels from which it has significantly rebounded in the past. Support levels can draw in bargain..
This article will be updated throughout the day, so check back often for more daily updates. The Vanguard S&P 500 ETF (NYSEMKT: VOO) lost nearly 1% on Monday, and as Tuesday dawns is continuing to slide,