24/7 Wall St.

It was another miserable day for NVIDIA (Nasdaq: NVDA) as the stock fell 7.04% today. After closing at $103.73, the sell-off continued in after-hours trading, with shares of NVIDIA trading hands for little more than $100 per share.  And then something changed rapidly. NVIDIA shares jumped and are now trading for $109 per share in after-hours […]
The post NVIDIA’s Stock Almost Crashes Below $100 After Hours – Then It Surges: Here’s Why appeared first on 24/7 Wall St..

NVIDIA’s Stock Almost Crashes Below $100 After Hours – Then It Surges: Here’s Why

Nvidia shares experienced a surge in early Wednesday trading, boosted by gains from rival chipmakers and a bullish research note from a top analyst. The stock, which has lost nearly half a billion dollars in market value this month, has suffered its worst performance in almost two years amid slumping chip sales. Investors, worried about Nvidia’s rapid gains over the past six months, have reduced their holdings. They are concerned that major customers like Microsoft, Meta Platforms, and Amazon might reduce capital spending as they seek to monetize their significant AI investments.

Nvidia stock jumps 8.8% after analyst endorsement

The Motley Fool

Secular growth trends in two lucrative markets should help these tech stocks remain winners in the long run.

Got $1,000? 2 Top Growth Stocks to Buy That Could Double Your Money.

Super Micro Computer could still have a lot of upside potential.

1 Top Artificial Intelligence (AI) Stock to Buy Before It Soars 84%, According to Loop Capital

The market made a huge leap today after the latest inflation gauge has all but guaranteed an interest rate cut from the Fed in September, but a handful of AI names are sitting on the sidelines. That’s a warning. Namely, shares of the biggest AI name NVIDIA (NVDA), whose...

Three Stocks: NVIDIA, 3M, and Bristol-Myers Squibb

The July meeting of the Federal Reserve's policy-setting committee started Tuesday, as central bank watchers await clues on when interest rates might be cut. During its two-day meeting, the Federal Open Market Committee (FOMC) debates the course of the influential fed funds rate and other monetary policy topics. Committee members will also carefully craft their written statement during the meeting to indicate their current stance on the economy, which market watchers and economists parse word by word.

The Fed's Two-Day Policy Meeting Started Tuesday—Here's What You Need To Know

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

California State

Gavin Newsom is the governor of California. Newsom has endorsed Vice President Kamala Harris as the 2024 Democratic presidential candidate. Born and raised in California, Newsom has held various local and state positions throughout his political career. In 2003, Newsom became San Francisco's youngest mayor in more than a century. He went on to become Lieutenant Governor of California in 2010, and was elected governor in 2018. He has remained governor since.

Gavin Newsom Net Worth

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

In today's video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA) and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of July 8, 2024. The video was published on July 8,...

Nvidia Stock Investors Just Got Spectacular News

Vice President Kamala Harris is now the likely Democratic presidential nominee after President Joe Biden announced he was dropping out of the 2024 election. From her start as district attorney in San Francisco to the White House, Harris has had a long history in politics. In 2021, she became the first woman, and first Black American and South Asian American to be elected vice president. She has also served as California's attorney general and a Senate.

What Is Kamala Harris' Net Worth?

-Arm's conservative revenue forecast sparked a selloff in the British chip firm's stock on Wednesday, as investors worried that returns from a spending frenzy on AI computing would be slower to materialize than for chipmakers including Nvidia. Arm Holdings shares dropped 11% after hours, setting the company up to drop...

Arm Stock Dives 11% as Slow AI Gains Lead to Tepid Outlook

Micron's memory chip solutions are sold out through 2025.

Forget Nvidia: 1 Other Unstoppable Semiconductor Stock to Buy Instead

The 30-year mortgage refinance rate average dipped 19 basis points to 7.25% on Wednesday after sliding just 2 basis points the day prior. The averages for 15-year and jumbo 30-year refi loans also dropped lower on Wednesday, both losing 13 basis points. Other refinance rates were mixed. National Averages of...

Mortgage Refinance Rates Decline Again for 30-Year Loans

Broadcom (AVGO -6.71%) stock is making big gains in Wednesday's trading. The company's share price was up 10.2% as of 11:45 a.m. ET, according to data from S&P Global Market Intelligence. Broadcom stock is getting a valuation boost thanks to recent earnings reports from Microsoft and Advanced Micro Devices that...

Why Broadcom Stock Is Surging Today

Broadcom is benefitting from the AI boom but there's more behind the scenes. Nvidia's AI growth will eventually slow, but the business is diversified. ASML plays a critical role in the chip industry and is poised for a stronger 2025. These wonderful businesses should be at the top of every...

3 Unstoppable Growth Stocks to Buy if There's a Stock Market Sell-Off

Rates on 30-year new purchase mortgages fell another 7 basis points Monday, lowering the flagship average to 6.68%—its lowest level in more than 4 months. Averages for almost all other mortgage rates also declined Monday. National Averages of Lenders' Best Mortgage Rates. Loan Type New Purchase. 30-Year Fixed 6.68%

Mortgage Rates Sink to 4-Month Low

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

New Jersey State

Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Denver, CO

David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

NewsBreak

An Earnings Beat and an Upbeat AI Outlook Lifted Arista Networks Stock

Arista Networks shares finished 11% higher Wednesday after the cloud networking company reported better-than-expected earnings and lifted its full-year revenue outlook. Analysts said the company's Etherlink...

An Earnings Beat and an Upbeat AI Outlook Lifted Arista Networks Stock

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