Stocks Analysis by Michael Kramer covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, NVIDIA Corporation. Read Michael Kramer's latest article on Investing.com
finished the day down 31 bps, with most losses coming in the final minutes. There was even a buy imbalance at 3:50 PM. Despite this, a lopsided 353 stocks were advancing in the index versus just 146 stocks declining; Nvidia's is still holding on to a $12 billion market cap with estimates for $585 million in revenue for 2024, or roughly 21x times sales, and a 120 PE. For now at least, that rising wedge could be suggesting the end is near, even for chicken wings.
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