It's been a rough week for the chip maker, after Alphabet's so-so earnings fueled fears that the AI rally could peter out.
Memory giant SK Hynix said on Friday it plans to invest 9.4 trillion Korean won ($6.8 billion) to build a new semiconductor manufacturing plant in an emerging chip hub in South Korea. SK Hynix's plant

Tech Stocks: Should Investors Buy the Dip?

07:50pm, Thursday, 25'th Jul 2024
Tech stocks finally broke this week. However, 3 data points suggest that the worst might be behind the market, and an intermediate-term bottom may be on the horizon.
After NVIDIA (Nasdaq: NVDA) sunk to $106.30 in early trading, shares battled back to as high as $116.63 before ending the day at $112.28.

What's Going on With the Mag 7?

06:55pm, Thursday, 25'th Jul 2024
While the stocks have faced pressure as of late, their fundamentals remain strong beneath the hood, with outlooks also remaining positive.
Nvidia stock saw volatile swings in Thursday's trading before closing the day in the red. Encouraging GDP data wasn't enough to lift the stock in light of concerns about big-tech earnings.
The S&P 500 and Nasdaq extended their losses Thursday after GDP and inflation data. Nvidia stock entered bear market territory.
Technology equities have largely had a good year in 2024. The tech-heavy Nasdaq Composite has rallied nearly 20% on a year-to-date basis, and secular trends such as artificial intelligence and cloud c
Nvidia stock initially looked set for another day of big sell-offs Thursday. But better-than-expected GDP data has pushed the stock into the green.
The market has been running hot in 2024, with S&P 500 up 13.9% year-to-date. Market experienced its first 2% or more pullback in 356 trading days, yesterday. Investors should be cautious with earnings

Investors Rescue Nvidia Stock From Another Rout

01:41pm, Thursday, 25'th Jul 2024
Shares of Nvidia (NVDA) rebounded from an early morning dive on Thursday as investors 'bought the dip' amid an extension of yesterday's tech stock sell-off.
Nvidia stock and other major semiconductor stocks wobbled Thursday after Wednesday's brutal tech-stock sell-off.
Nvidia (NASDAQ: NVDA ) along with Magnificent 7 stocks have lost more than $1.7 trillion in market capitalization in just the past two weeks. Indeed, since their July 10 peak, the group has collective
Battered chip stocks were clawing back some earlier losses on Thursday, a day after Nasdaq's worst day since 2022. Some analysts say the pain is just a bump in the road.
Inside Amazon.com's chip lab in Austin, Texas, half a dozen engineers on a Friday afternoon put a closely guarded new server design through its paces.
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