Nvidia (NVDA) shares are trading lower for the second consecutive day, despite recent headlines that have fueled stock gains, such as the release of its new Blackwell product line-up. Yahoo Finance's Josh Lipton and Jared Blikre assess whether the company's performance could merely comprise a consolidation phase as the stock reaches new highs. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith
The U.S. stock market is off to a soaring start in 2024, as optimism over the economy and interest rate cuts has combined with exuberance about the business opportunity in artificial intelligence to stir up a potent cocktail for equities. The S&P 500 in late January hit its first record high in two years and hasn't looked back, setting more than a dozen highs without a significant pullback so far this year, on pace for its biggest first-quarter gain since 2019.
John Dabiri, a director of NVIDIA Corp (NASDAQ:NVDA), has sold 128 shares of the company on March 25, 2024, according to a recent SEC filing.