Yahoo Finance's Ines Ferre breaks down the market and sector gains heading into the closing bell, as well as tech and semiconductor stocks, retailers, and the commodity price actions surrounding crude oil and metals.
Investors need to pay close attention to NVIDA (NVDA) stock based on the movements in the options market lately.
Shares of Nvidia (NASDAQ: NVDA) were trading down 2.4% as of 9:35 a.m. ET on Wednesday after one analyst issued a warning about the graphic chip maker's near-term growth. Susquehanna analyst Christopher Rolland cited declining selling prices for Nvidia's graphics processing units (GPUs) designed for playing video games on a PC, which presents near-term risk to one of Nvidia's largest sources of revenue. Nvidia has benefited from soaring demand for advanced computing applications, including data center operators buying high-powered graphics chips to process large data workloads with artificial intelligence.