Reported 2 days ago
Nvidia Corp.'s stock is on high alert for traders after forming a 'death cross', where its 50-day moving average fell below the 200-day average, typically indicating potential losses. Following a less-than-optimistic keynote by CEO Jensen Huang, the shares are down over 13% this year, as concerns grow about AI spending amid uncertain economic conditions. With few catalysts ahead, investors are worried about Nvidia's growth promises and the broader artificial intelligence market.
Source: YAHOO