Reported 2 months ago
Shares of Nvidia (NASDAQ: NVDA) continue to decline, dropping 4% as weak economic data raises recession fears. The unemployment rate climbed to 4.3% in July, prompting concerns about valuations in AI stocks, including Nvidia, despite its pivotal role in the AI boom. While the company's growth remains strong, investors suspect a potential downturn may impact tech stocks significantly.
Source: YAHOO