Reported 2 months ago
Nvidia's stock fell nearly 2% as the chip sector faced a significant downturn, led by a shocking 26% drop in Intel's shares after it announced disappointing results and job cuts. The tech market was pressured by a weaker jobs report indicating slowing growth and rising unemployment. The broader tech index, including Nvidia, is set to end the week in negative territory, raising concerns over the sustainability of AI investments amid scrutiny from the Justice Department.
Source: YAHOO