Nvidia rises after leading Mag 7 $650 billion in declines on Monday

Shares of Nvidia (NVDA) are trading higher on Tuesday following a major sell-off in the tech sector on Monday. The chip giant has seen its shares beaten up as investors look to swap out of the "Magnificent Seven" stocks and broaden their holdings.
Moor Insights & Strategy founder, CEO, and chief analyst Patrick Moorhead joins Morning Brief to give insight into the tech sector, Nvidia's recent sell-off, and how the stock may fare going forward.
On Nvidia's recent volatility, Moorhead comments: "This stock was so hot for so long that any type of hiccup or bad news could mean a selloff. And you add to what happened over in Japan and some other risks that that melted the entire market, but you have to stand back and look at the overall short-, mid-term and long and then align whatever investment strategy you have, with those opportunities and risks, I don't see anything changing in the data center for Nvidia, for the next 12, maybe even 18 months."
#youtube #news #Nvidia

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Follow Yahoo Finance on social:

[matt.stevick]

Long time large concentrated NVDA position. Bought more at open yesterday @ $92 & $102 shortly after open today. Greatest CEO and Company of all time 💚🖤📈🇺🇸

[ShirlPigram]

Just discovered your channel with this video -- I was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spending or investments, I earn around $90K per year but nothing to show for it yet.

[cpeete]

When will the decision be made on the chipnusage from China?

[SSModi]

Sell every bounce. Get out now than 50% lower.

[WilliamTaylor-hr]

AI is for analysis, half load a program, but he baught a new iphone? And its for dummies, Alexa find my remote, there is a heart throb, _dudes in the locker room after school_ . Like, you gotta believe in stuff somehow.

[andrewvo]

Nobody buys an iPhone for AI. This guy doesn’t understand consumers.