Nvidia stock (NVDA) popped more than 3% on Tuesday morning, reversing a three-day slide that erased roughly $430 billion of the AI chip giant’s market cap. Shares declined nearly 13% since Thursday as investors rotated out of the stock, which hit a record-high close exactly one week ago when it briefly surpassed Microsoft (MSFT) as […]
Tag: rout
Nasdaq futures rise as Nvidia stabilizes after AI stocks rout
(Reuters) – Nasdaq futures climbed on Tuesday as Nvidia and other AI-linked stocks firmed after a bruising selloff, while investors awaited further cues on the monetary policy path based on remarks by U.S. Federal Reserve officials this week. AI chip firm Nvidia advanced 2.1% premarket. Chip stocks Micron Technology, Broadcom and Qualcomm also recovered some […]
Nvidia’s 13% Stock Rout Has Traders Scouring Charts for Support
(Bloomberg) — Nvidia Corp.’s three-day, $430 billion selloff has traders turning to technical analysis for clues on where the bottom may be. Most Read from Bloomberg The stock has fallen 13% since briefly overtaking Microsoft Corp. last week as the world’s most valuable company. That’s pushed Nvidia shares into a technical correction – when a […]
Leveraged Wrong-Way Bet on Nvidia Lured $740 Million Before Rout
(Bloomberg) — For day traders riding the AI-fueled stock mania, it’s been a money-minting bet like no other — offering double-digit returns week in and week out. Most Read from Bloomberg Now though — after pouring a record amount of cash into a leveraged-up ETF — a cohort of retail investors is facing big losses […]
Anxiety Over France Deepens European Stock Rout: Markets Wrap
(Bloomberg) — European stocks headed for their worst week since October on growing concerns about political turmoil in France. US equity futures dropped as traders sought out havens. Most Read from Bloomberg The Stoxx 600 weakened 0.8% to extend losses since Monday to 2.2%. France’s CAC 40 index erased this years gains, with banking shares […]
Scholz’s coalition suffers rout at EU polls in Germany
German Chancellor Olaf Scholz’s coalition suffered a stinging defeat at the European elections Sunday, all three parties in his government trailing the conservatives and the far right, preliminary results showed. The result sparked calls from victorious conservative CDU-CSU bloc for the centre-left Scholz to change course or pave the way for new elections. The opposition […]
Macron calls shock French elections after far-right rout by Le Pen
By Michel Rose and Tassilo Hummel PARIS (Reuters) -In a shock move, French President Emmanuel Macron on Sunday said he would dissolve parliament and call new legislative elections later this month after he was trounced in European elections by Marine Le Pen’s far-right party. Macron said the results were a disaster for his government, and […]
Modi’s Slim Victory Wipes $25 Billion Off Adani’s Wealth in Worst One-Day Rout
(Bloomberg) — For Gautam Adani, an underwhelming election win for Narendra Modi’s party is worse than a short-seller attack. Most Read from Bloomberg The Indian tycoon’s wealth tumbled by almost $25 billion Tuesday, the biggest one-day loss for an Asian billionaire ever, after the Modi-led political alliance failed to deliver the landslide electoral victory predicted […]
DJT stock drops again after volatile post-Trump conviction rout
Shares of Trump Media & Technology Group (DJT), the parent company of former President Donald Trump’s social media platform Truth Social, have been on a bumpy ride after Trump was found guilty on all 34 counts of falsifying business records intended to influence the 2016 presidential campaign. Shares initially fell (then climbed back) in extended […]
Celtic rout Kilmarnock to clinch Premiership title with a game to spare
Celtic wrapped up a third consecutive cinch Premiership title and a 12th in 13 years with a convincing 5-0 at Kilmarnock. Brendan Rodgers’ side needed just a point from their final two games to see off Rangers’ challenge and they made quick work of their first attempt at Rugby Park. Goals from Adam Idah and […]
Ukrainian soldier describes a rout that left 100 dead or missing as Russia keeps gaining ground
A Ukrainian soldier says over 100 of his comrades were killed or went missing in an attack, per AP. His brigade was brought in to try to hold a position that had hardly any fortifications. It had to retreat as soldiers struggled to build fortifications under Russian fire, AP reported. A Ukrainian soldier fighting on […]
TSMC’s 13% Rout May Have Further to Go, Options Traders Indicate
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. options traders are contending with a rising wave of bearishness following the chipmaker’s cautious guidance and concerns about whether the artificial-intelligence trade is unwinding. Most Read from Bloomberg The volume of put options on the chipmaker’s US-listed shares climbed to the highest level since January on Friday, according to […]