Negative

From CNBC: 2024-08-25 22:07:26

On Aug. 5, Japanese stocks suffered a 12% crash, worst since 1987, due to a strengthened yen. Nvidia declined 6.4%, calling into question its standing in the trillion dollar market cap club. Warren Buffett sold nearly half his Apple position, unsettling investors. Three weeks later, Nvidia and Apple stocks are struggling to regain their foothold amidst market volatility. Apple’s transition to a software and fee-based company is challenging to perceive due to their hardware company roots. Apple’s partnership with OpenAI has potential to revolutionize the tech industry, yet market valuation remains modest at a forward P/E of 31. Conversely, Nvidia’s weak holder base caused a 6.4% decline amidst an overall market downturn, highlighting investor uncertainty in the stock.



Read more at CNBC:: Why you must keep faith in Nvidia even if earnings fail to wow