Shares of tech and AI stocks are trading lower as the sector pulls back after surging ahead of NVIDIA's Wednesday earnings reports.
Portfolio Pulse from Benzinga Newsdesk
Tech and AI stocks are trading lower as the sector pulls back after surging ahead of NVIDIA's Wednesday earnings reports.
August 24, 2023 | 6:43 pm
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NEUTRAL IMPACT
NVIDIA's upcoming earnings report has caused a surge and subsequent pullback in the tech and AI sector, potentially impacting NVIDIA's stock.
The anticipation of NVIDIA's earnings report has caused a surge in the tech and AI sector. However, a pullback is now being observed which could potentially impact NVIDIA's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
AI stocks are trading lower due to a sector-wide pullback after a surge ahead of NVIDIA's earnings report.
The pullback in the tech and AI sector, triggered by the anticipation of NVIDIA's earnings report, is causing AI stocks to trade lower.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60