The order US stock indices are on a three day losing streak and on pace for 1/4 today with the premarket futures according lower levels.
A snapshot of the employed openings S&P -45 points
- Dow industrial average -75 points.
- S&P -45 points
- NASDAQ index -234 points
Shares of Nvidia are trading down $5.18 or -3.81% at $130.73. Last week the stock reached a new all-time high at $153.13. At premarket levels, the stock is down close to 15% from that high. The low price from December reached $126.86. That represents the next target on the downside for the stock.
There was a report this morning that the biggest customers are facing new delays in getting Nvidia’s most advanced artificial intelligence chips up and running in the data centers , When the markets are under pressure, the news becomes more magnified.
This article was written by Greg Michalowski at www.forexlive.com.
