Reported about 13 hours ago
Nvidia Corp.'s stock is in focus on Wall Street as analysts monitor its performance following a significant drop attributed to competition from DeepSeek's AI model. The stock has struggled to stay above the crucial 200-day moving average, closing at around $120 after a 3.7% decline, raising concerns about further downside if it fails to recover. Given Nvidia's significant impact on the S&P 500, its trajectory could influence the broader market, with investors wary of increasing supply pressure should the stock continue to decline.
Source: YAHOO