Tag: selloff

Micron’s Selloff Shows Risk of Sky-High AI Expectations

(Bloomberg) — Micron Technology Inc.’s post-results selloff sent a fresh reminder to global investors about the risks inherent in bets on artificial intelligence chipmakers. Most Read from Bloomberg Days after leading AI chipmaker Nvidia Corp. slumped by nearly half a trillion dollars, Micron shares fell about 8% in extended trading after the memory maker offered […]

Nvidia short sellers make $5 billion from three-day selloff, data shows

Nvidia (NVDA) short sellers have raked in nearly $5 billion in paper profits from the AI chip designer’s sharp selloff over the past three sessions, according to data analytics firm Ortex Technologies. Nvidia share price was up over 3% on Tuesday. Stock slump The stock has slumped 13% and lost $430 billion in market capitalization […]

Nvidia short sellers make $5 billion from three-day selloff, data shows

(Reuters) – Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer’s sharp selloff over the past three sessions, according to data analytics firm Ortex Technologies. The stock has slumped 13% and lost $430 billion in market capitalization since June 18, when it briefly became the world’s most […]

US stocks slip as Nvidia sell-off drags tech lower

Traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange on March 18, 2020 in New York.Bryan R. Smith/AFP/Getty Images US stocks were mostly lower on Monday, driven by a sell-off in tech stocks led by Nvidia. Nvidia dropped 5% and is down 14% from […]

What Nvidia sell-off, triple witching say about the market

While markets (^DJI, ^IXIC, ^GSPC) enter into a triple witching day on Friday, is the outlook as spooky as it seems after Nvidia (NVDA) experiences a stock sell-off? Evercore ISI Senior Managing Director of Equity, Derivatives, and Quantitative Strategy Julian Emanuel comments on how this all relates to the broader market, which remains generally resilient […]

German Government Begins Massive Bitcoin Sell-Off, Sparking Market Jitters

German Government Begins Massive Bitcoin Sell-Off, Sparking Market Jitters The German government has commenced the sale of a significant Bitcoin stash seized from the operators of a movie piracy website. Over $195 million in Bitcoin was sold in the past 24 hours. In the latest transactions, $65 million worth of Bitcoin was likely deposited into […]

Crypto Market Faces Major Selloff, Triggering $270M in Liquidations

Crypto Market Faces Major Selloff, Triggering $270M in Liquidations The cryptocurrency market has faced a significant selloff over the past two days, resulting in a wave of liquidations across various platforms. Bitcoin (BTC), the largest cryptocurrency by market capitalization, saw a decline of 3.5% over the past 24 hours, trading at $67,275. Ethereum (ETH), the […]

Meme Sector Sees Sharp Sell-off as GameStop Losses Extend to 60%

Double-digit losses in GameStop weigh over meme coins. Meme token GME and KITTY fall 25% and 10%, respectively. The controversial GameStop (GME) stock rally saw its second day of reversing on Monday, ending the U.S. trading session down 12% after a 40% drop on Friday This weighed down some meme tokens that tend to mirror […]