In the latest trading session, Nvidia (NVDA) closed at $269.42, marking a +1.38% move from the previous day.
Inflation is running at its highest rate since 1982, and the Federal Reserve is expected to raise interest rates several times in 2022 alone to try to keep it under control. In this Fool Live video clip, recorded on Jan. 10, Fool.com contributors Matt Frankel, Jason Hall, and Danny Vena discuss how inflation and rising rates could affect some of their favorite stocks, as well as the companies' underlying businesses. Matt Frankel: It's fair to say that a lot of this growth sell-off is because of interest rate expectations and inflation expectations.
Tech stocks have gotten off to a rough start this year. For instance, the tech-heavy Nasdaq Composite index is down 5% so far. If this continues into full-blown correction territory, widely considered a 10% decline, investors can pick up certain tech stocks at good valuations.