Nvidia dips amid drop in chipmaking stocks, Bitcoin choppy - what's moving markets
Investing.com -- U.S. stock futures are muted following a drop in AI-exposed chipmaking stocks in the prior session. Shares in Nvidia slipped in particular, extending a decline in the maker of artificial intelligence-optimized processors into a third straight day. Elsewhere, meme-stock investor Roaring Kitty's stake in GameStop in favor of other sectors such as energy. Nvidia, the chipmaking giant and AI-darling, dipped for a third consecutive session .
Bitcoin was nursing steep losses through the past week due in part to reports that the German government was selling tokens confiscated from a piracy website. This may lead to an influx in Bitcoin available in the market. The American Petroleum Institute is set to release its forecast of U.S. crude oil stockpiles later in the session, ahead of the official report on Wednesday, and stocks are expected to have declined in the week to June 21.
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