Just one day after the massive chipmaker Nvidia’s sell-off, on Tuesday, a resurgence in its shares sent the S&P 500 and Nasdaq Composite higher.
The Nasdaq increased by 1.26%, while the S&P 500 gained 0.39% overall. Declining by 299.05 points, or 0.76%, was the Dow Jones Industrial Average. Equity in Nvidia increased 6.7%.
Its largest one-day decline since April 19, when it lost 10%, was during the previous session, when the stock fell more than 6%.
The artificial intelligence darling was forced farther into correction zone by Monday’s fall.
Broadcom, Qualcomm, and Super Micro Computer were among the other semiconductor stocks that were pressed that day.
Source (CNBC)
