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-0.000241167249487574 0.000217050524538707 -7.66911853371095E-05 -0.000389485107922319 0.000458217774026282 -4.82334498975971E-05 0.00130230314723252 -0.00219462197033649
Stock impact report

Nvidia, other U.S. chip stocks stall over valuation, industry worries [Globe and Mail, The (Toronto, Canada)]

NVIDIA Corporation (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Chip stocks soared to start the year, with the Philadelphia SE Semiconductor index rising over 50% through July. No stock symbolized the chip industry's success more than Nvidia ( decrease ), whose shares tripled in 2023 as the company's market value topped $1 trillion, driven by excitement over the central role of the company's products in artificial intelligence applications. But performance for the group has stalled. The SOX semiconductor index is off over 7% this month, versus a 2.3% drop for the broad S&P 500, while shares of Nvidia - a driver of the broader market's rally this year - have declined more than 14% in September. Nvidia Corp Year to date Dec. 30, 2022 “They have definitely lost some momentum,” said King Lip, chief investment strategist at Baker Avenue Wealth Management. “Many of these chip names got that AI boost. Some of that fervor has kind of simmered down.” As the stocks rose this year, so did valuations. At the end of July, the 21-stock S&P 500 semi Show less Read more
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