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US equities hit fresh lows: NVDA stock under pressure

Nvidia stock (NVDA) is leading a slump in the Nasdaq and has helped to push the index to the lows of the day.The high-flying chipmaker is among the most highly valued stocks in the world, and certainly the highest-valued big-cap tech company. It's trading near 40x trailing sales and has been a major beneficiary of the AI boom.Lately though, the hype around AI is fading and Nvidia may also be facing headwinds from US efforts to ban chip sales to China.Earlier in the week, I highlighted a brewing... Read More

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Nvda

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Posted: Aug 11 2023, 16:06

Author Name: forexlive

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