CNBC Daily Open: Nvidia sinks and data’s weak, but hold on
Publishing timestamp: 2024-09-04 02:30:01
Summary
Nvidia shares plummeted after receiving subpoenas as part of an antitrust investigation, leading to a sharp decline in U.S. stocks and Asian markets. Asian chipmakers connected to Nvidia's supply chain also saw significant drops. U.S. crude oil prices fell due to various factors, including a possible restart of Libya's oil production. The energy sector is seen as a beneficiary of the artificial intelligence frenzy. Despite the market's weakness, investors are advised not to panic and to consider long-term investment strategies.
Sentiment: NEGATIVE
Tickers: @CL.1, .IXIC, 2330-TW, NVDA, .DJI, AMD, INTC, 8035.T-JP, SMH, .SPX,
Keywords: oil and gas, vaneck semiconductor etf, united states, business news, taiwan semiconductor manufacturing co ltd, tokyo electron ltd, nvidia corp, nasdaq composite, wti crude (mar'23), world markets, markets, advanced micro devices inc, intel corp, dow jones industrial average, technology, s&p 500 index,
Source: https://www.cnbc.com/2024/09/04/stock-markets-nvidia-sinks-and-datas-weak-but-hold-on.html