Yahoo Finance Live checks out several of today's trending stocks, including Delta Airlines' plan to offer free flight changes this July 4th weekend and chip stocks declining ahead of Congress' CHIPS Act.
Today's video focuses on recent news affecting Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). Even though both companies have plenty of potential in the long term, numerous short-term bearish points are affecting the stock prices.
Shares of Nvidia (NASDAQ: NVDA) traded lower on Wednesday, falling as much as 5.1%. The catalyst that sent the chipmaker lower today was bearish commentary by a Wall Street analyst that could signal additional declines for the sector. Bank of America analyst Vivek Arya lowered his price target on Nvidia to $220, down from $270, while maintaining his buy rating on the stock, according to The Fly.