The S&P 500 dipped on Friday as shares of market darling Nvidia (NASDAQ:NVDA) fell for the second consecutive day. The broad market index declined by 0.16%, closing at 5,464.62, while the Nasdaq Composite dropped 0.18% to 17,689.36. The Dow Jones Industrial Average inched up 15.57 points, or 0.04%, to end at 39,150.33.
Nvidia stock has rocketed 156% so far in 2024, and Jensen Huang has been selling stock through a trading plan. Micron, Qualcomm, and Coherent CEOs are selling, too.
We recently published a list of the Forget Magnificent 7: Analysts are Talking About ‘Big 10’ AI Stocks in 2024. Since Micron Technology Inc (NASDAQ:MU) ranks 8th in the list, it deserves a deeper look. When the AI revolution started with the launch of ChatGPT, investors started pouring money into a handful of companies that are leading […]