Nvidia shares slide again as investors rotate out of “hot money” trades
The chipmaker’s stock fell on Friday amid a broader technology selloff, with traders citing difficulty in finding a near-term trading floor.
Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
The chipmaker’s stock fell on Friday amid a broader technology selloff, with traders citing difficulty in finding a near-term trading floor.
THE APEX TIMES
A weekly split in U.S. stock indexes showed the Dow gaining roughly 1% while the Nasdaq lost about 4%. In the trading day’s move, market coverage pointed to heavyweights Microsoft and Micron as major influences.
Palantir (PLTR) moved higher on Friday as part of a broader bounce in software stocks, even while investors digested a sell-off in semiconductors and other tech areas. A close higher would end the company’s recent stretch of declines.
In a note that runs counter to recent market weakness, Wedbush argued that beaten-down “Magnificent 7” names could see renewed momentum, singling out Microsoft and Nvidia.
A market note highlights how Apple’s Mac and iPad price increases are being interpreted by at least one major Wall Street firm as a bid to protect margins, even as investors weigh demand and earnings durability.
In a choppy session after a soft start, the Dow moved back higher while the Nasdaq fell sharply, as investors sold broadly in technology and hardware-linked names.
The shipping company says the investment is aimed at faster, better-tracked temperature-controlled moves of medicines as GLP-1 drugs reach a broader share of Americans.
A Yahoo Finance market roundup flagged Palantir (PLTR) alongside several large technology companies as one of the most oversold mega-cap stocks, a announcement traders often associate with stretched downside momentum.
The stock has been pushed deeper into a prolonged downtrend, falling about 45% from its prior peak, according to Yahoo Finance, as technical traders point to the weakest positioning in roughly four years.