Nvidia Stock Price Analysis on 15th Oct
October 15 saw a decline in major technology stocks, contributing to Nvidia’s fall. The market’s attention remains on corporate earnings and macroeconomic data, with investors eagerly awaiting signals from the Federal Reserve on potential interest rate cuts. The yield on 10-year Treasurys stood at 4.03%, down from its previous close of 4.07%, but rising bond yields have been a concern for tech stocks as higher rates tend to decrease the attractiveness of growth-oriented stocks like Nvidia.
While Nvidia has strong fundamentals, driven by its leadership in AI and chips, the current market conditions are challenging, as evidenced by the selloff across the semiconductor industry. Investors are closely monitoring Nvidia’s next moves,…
