NVIDIA shares fell about 4% to trade near the $200 mark due to a broad selloff in the chip and AI sectors, led by Korean market declines, rather than company-specific issues. Despite the dip, NVIDIA remains up 7.6% year-to-date, though it lags some peers. The company posted strong Q1 FY2027 revenue growth and expects further acceleration, supported by large buybacks and dividend increases. Investors are watching the $200 level closely as a key psychological support, with upcoming events like the June 24 shareholder meeting and Q2 earnings likely to influence the stock's direction amid mixed market sentiment.
NVIDIA reported $96.22B revenue in Q2 FY27, up 105.8% YoY, driven by its Vera Rubin platform, which is ramping faster than any prior product and expected to contribute 20% of data center revenue in Q3. AMD posted $11.54B, up 50.1% YoY, with its Helio...
US President Donald Trump hosted Chinese President Xi Jinping at a historic state dinner attended by top tech CEOs including Nvidia, Microsoft, Google, OpenAI, and SpaceX. AI was a central topic, with both leaders expressing interest in continued dia...
The Invesco Semiconductors ETF (PSI) has outperformed the VanEck Semiconductor ETF (SMH) by over 20 percentage points in the past year. PSI’s equal-weight approach spreads investments across about 33 semiconductor stocks, limiting Nvidia to under 4%,...
Lovable, a vibe-coding platform, has exceeded an annual run-rate revenue of $600 million, up from $500 million in June. The company has grown its enterprise business significantly, with two-thirds of Fortune 500 companies, including Microsoft, NVIDIA...
Intel shares fell 3% following an extraordinary 223% gain year-to-date, as investors take profits amid a broader pullback in chip stocks. AMD also dropped 3%, while NVIDIA slipped 1%, reflecting sector-level selling rather than company-specific issue...
