Previous Close | 404.27 |
Open | 404.03 |
Bid | 398.93 x 100 |
Ask | 399.14 x 100 |
Day's Range | 397.77 - 405.48 |
52 Week Range | 275.37 - 430.82 |
Volume | |
Avg. Volume | 21,566,117 |
Market Cap | 2.966T |
Beta (5Y Monthly) | 0.88 |
PE Ratio (TTM) | 36.02 |
EPS (TTM) | 11.08 |
Earnings Date | Apr 25, 2024 |
Forward Dividend & Yield | 3.00 (0.74%) |
Ex-Dividend Date | May 15, 2024 |
1y Target Est | 462.44 |
The broader market has been in flux with the tech-heavy S&P 500 (^GSPC) down for the last trading week. Recent geopolitical tensions in the Middle East haven't been the sole detractor from 2024's market momentum. One of the leaders in the S&P is chip-making powerhouse Nvidia (NVDA) which is down 15% over the past month. Is the rally for Big Tech players over or just on a pause? F/m Investments President and Chief Investment Officer Alex Morris joins Market Domination to discuss the chip sector and Nvidia's recent dip in share price. Morris weighs in on the current market landscape and how Nvidia has performed recently: "It's surprising to see it today. There's no great catalyst for it. Nvidia didn't come out and say 'we're out of the game, AI is over.' But we have to remember Nvidia, Microsoft (MSFT), Big Tech names, they're momentum names and momentum names occasionally need to take a breather... The geopolitical events aren't the catalyst but they are a good opportunity for folks to reevaluate where their money is and sometimes you take your profits." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
The stock market wades into the thick of earnings season with Microsoft, Meta Platforms, Boeing and other leading names due to report.
The Nasdaq had its worst week since 2022 as AI stocks Nvidia and Super Micro flashed sell signals. Tesla, Microsoft, Meta lead earnings on tap.