PIMCO Managing Director Head of Public Policy Libby Cantrill joins Yahoo Finance Live to weigh in on the signage of the CHIPS and Science Act into law, Speaker Pelosi's trip to Taiwan, the Inflation Reduction Act, and more.
What to watch in markets on Tuesday, August 9, 2022.
Shares of Nvidia (NASDAQ: NVDA) were trading down 5.5% as of 12:22 p.m. ET on Tuesday. This follows Nvidia's disclosure on Monday that revenue for the fiscal second quarter would come in below expectations. Year to date, Nvidia stock is down 42% over concerns that slowing demand for graphics chips used by gamers in their PC gaming rigs would pressure Nvidia's top line.