Nvidia leads Nasdaq lower
Portfolio Pulse from
Nvidia's stock fell over 3% on Wednesday, contributing to a decline in the Nasdaq 100. The company's shares have dropped about 9% in the past five days following its latest quarterly earnings release.
November 27, 2024 | 10:45 pm
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NEGATIVE IMPACT
The Nasdaq 100 was negatively impacted by Nvidia's stock decline, as the tech-heavy index saw a decrease due to Nvidia's performance.
Nvidia is a significant component of the Nasdaq 100, and its stock decline contributed to the index's overall decrease. This reflects the index's reliance on major tech stocks like Nvidia.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia's stock fell over 3% on Wednesday, contributing to a decline in the Nasdaq 100. The company's shares have dropped about 9% in the past five days following its latest quarterly earnings release.
Nvidia's stock decline is directly linked to its recent earnings release, which has led to a 9% drop over the past five days. This indicates a negative market reaction to the earnings report, affecting short-term stock performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100