Nvidia shares drop 10%, erasing $430 billion in market cap, potential buying opportunity

From Investing.com: 2024-06-25 02:17:00

Nvidia’s shares plunged 10%, erasing $430 billion in market cap in just three days. No negative news or forecasts, but profit-taking may explain the selloff. Is this the end of Nvidia’s surge, or just a correction? Technical levels suggest potential support at $110, $100, and $92. With Q2 earnings expected to hit $28 billion, is the pullback a buying opportunity?

Apple integrates AI tools on iPhones to boost sales. Energy sector rallies as oil prices approach $82pb resistance. Concerns about global economic slowdown could limit oil price gains. USD weakens, Euro rebounds ahead of French elections. JPY trades near 160 level, CAD benefits from rising oil prices. BoC expected to cut rates, but oil prices may impact decision.



Read more at Investing.com: Nvidia’s Market Plunge: What Lies Ahead?