Tech Geek on Nostr: Nvidia shares surge nearly 7%, bouncing after $430 billion market slump ...
Nvidia shares surge nearly 7%, bouncing after $430 billion market slump
Shares of Nvidia surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value.
Nvidia's shares finished at $126.09, after a tumble that saw them lose around 13% from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.
The bounce today is a normal technical bounce after a 15% drop in three days; you're not going to go straight down every single day," said Tom Hayes, chairman at Great Hill Capital in New York. "It's a great company, it's a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split," Hayes added.
Published at
2024-06-26 13:29:10Event JSON
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"content": "Nvidia shares surge nearly 7%, bouncing after $430 billion market slump\n https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1718937359583-YAKIHONNES3.jpg \n\nShares of Nvidia surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value.\n\nNvidia's shares finished at $126.09, after a tumble that saw them lose around 13% from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.\n\nThe bounce today is a normal technical bounce after a 15% drop in three days; you're not going to go straight down every single day,\" said Tom Hayes, chairman at Great Hill Capital in New York. \"It's a great company, it's a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split,\" Hayes added.",
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