"Nvidia Stock Tumbles Amid Market Sell-Off"

1 min read
Source: Investor's Business Daily
"Nvidia Stock Tumbles Amid Market Sell-Off"
Photo: Investor's Business Daily
TL;DR Summary

Nvidia stock plummeted by 10% below its 10-week moving average, signaling a sell-off amidst a broader market retreat. The AI chip giant, which had been leading the artificial intelligence boom, is down about 22% from its March high, prompting investors to consider locking in profits or closing positions. The stock's decline mirrors a broader market sell-off, with Super Micro Computer (SMCI) also experiencing a slide, as both companies flashed sell signals in Friday's trading.

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