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06-26
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Nvidia Shares Surge Nearly 7%, Bouncing After $430 Billion Market Slump
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The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.</p><p>"The bounce today is a normal technical bounce after a 15 per cent drop in three days; you're not going to go straight down every single day," said Tom Hayes, chairman at Great Hill Capital in New York. "It's a great company, it's a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split," Hayes added.</p><p>Nvidia's breathtaking rise and its position as the dominant provider of chips to support artificial intelligence applications have made it emblematic of this year's tech-driven boom in U.S. stocks.</p><p>Shares of Nvidia, which last week briefly became the world's most valuable company, are up 154 per cent this year and have accounted for nearly 30 per cent of the S&P 500's year-to-date return as of Monday's close, according to S&P Dow Jones Indices. The index is up 14.6 per cent this year.</p><p>The recent selloff helped ease some worries about Nvidia's valuation, which now stands at about $3.1 trillion from a high of about $3.3 trillion earlier this month.</p><p>"It's a normal correction for a company that has made a run and gotten a lot of publicity," said Tom Plumb, chief executive and portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings. "Until there's a confirmation that the actual business would justify the slowing of the momentum, I don't think you've reached the all-time peak."</p><p>Bullishness on Nvidia was evident in the options market, though the stock's recent share price slide appears to have made traders more cautious.</p><p>Nvidia call options, typically used to bet on a rising stock price, outnumbered puts by 1.4-to-1 over the last three sessions, Trade Alert data showed. That compared to a call-to-put ratio of 1.6-to-1 for the prior 10 sessions.</p><p>At the same time, Nvidia short sellers, who bet on declines in the stock, have gained $4.97 billion in the past three sessions combined, according to data analytics firm Ortex Technologies.</p><p>Meanwhile, retail investors have likely been buyers of the stock on the recent dip, said Mario Iachini, senior vice president of Vanda Research, which tracks the behavior of individual investors.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Shares Surge Nearly 7%, Bouncing After $430 Billion Market Slump</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Shares Surge Nearly 7%, Bouncing After $430 Billion Market Slump\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-06-26 07:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of Nvidia surged nearly 7 per cent on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/df7279e783c94d13cec054021bb4ad5d\" tg-width=\"839\" tg-height=\"821\"/></p><p>Nvidia's shares finished at $126.09, after a tumble that saw them lose around 13 per cent from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.</p><p>"The bounce today is a normal technical bounce after a 15 per cent drop in three days; you're not going to go straight down every single day," said Tom Hayes, chairman at Great Hill Capital in New York. "It's a great company, it's a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split," Hayes added.</p><p>Nvidia's breathtaking rise and its position as the dominant provider of chips to support artificial intelligence applications have made it emblematic of this year's tech-driven boom in U.S. stocks.</p><p>Shares of Nvidia, which last week briefly became the world's most valuable company, are up 154 per cent this year and have accounted for nearly 30 per cent of the S&P 500's year-to-date return as of Monday's close, according to S&P Dow Jones Indices. The index is up 14.6 per cent this year.</p><p>The recent selloff helped ease some worries about Nvidia's valuation, which now stands at about $3.1 trillion from a high of about $3.3 trillion earlier this month.</p><p>"It's a normal correction for a company that has made a run and gotten a lot of publicity," said Tom Plumb, chief executive and portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings. "Until there's a confirmation that the actual business would justify the slowing of the momentum, I don't think you've reached the all-time peak."</p><p>Bullishness on Nvidia was evident in the options market, though the stock's recent share price slide appears to have made traders more cautious.</p><p>Nvidia call options, typically used to bet on a rising stock price, outnumbered puts by 1.4-to-1 over the last three sessions, Trade Alert data showed. That compared to a call-to-put ratio of 1.6-to-1 for the prior 10 sessions.</p><p>At the same time, Nvidia short sellers, who bet on declines in the stock, have gained $4.97 billion in the past three sessions combined, according to data analytics firm Ortex Technologies.</p><p>Meanwhile, retail investors have likely been buyers of the stock on the recent dip, said Mario Iachini, senior vice president of Vanda Research, which tracks the behavior of individual investors.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0061474960.USD":"天利环球焦点基金AU Acc","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4551":"寇图资本持仓","LU0109392836.USD":"富兰克林科技股A","LU0353189763.USD":"ALLSPRING US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4549":"软银资本持仓","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4548":"巴美列捷福持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4567":"ESG概念","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY \"A\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A(离岸)美元","LU0072462426.USD":"贝莱德全球配置 A2","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","BK4543":"AI","LU0082616367.USD":"摩根大通美国科技A(dist)","BK4527":"明星科技股","NVDA":"英伟达","LU0056508442.USD":"贝莱德世界科技基金A2","BK4550":"红杉资本持仓"},"source_url":"https://www.channelnewsasia.com/business/nvidia-shares-surge-nearly-7-bouncing-after-430-billion-market-slump-4436176","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2446916871","content_text":"Shares of Nvidia surged nearly 7 per cent on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value.Nvidia's shares finished at $126.09, after a tumble that saw them lose around 13 per cent from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.\"The bounce today is a normal technical bounce after a 15 per cent drop in three days; you're not going to go straight down every single day,\" said Tom Hayes, chairman at Great Hill Capital in New York. \"It's a great company, it's a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split,\" Hayes added.Nvidia's breathtaking rise and its position as the dominant provider of chips to support artificial intelligence applications have made it emblematic of this year's tech-driven boom in U.S. stocks.Shares of Nvidia, which last week briefly became the world's most valuable company, are up 154 per cent this year and have accounted for nearly 30 per cent of the S&P 500's year-to-date return as of Monday's close, according to S&P Dow Jones Indices. The index is up 14.6 per cent this year.The recent selloff helped ease some worries about Nvidia's valuation, which now stands at about $3.1 trillion from a high of about $3.3 trillion earlier this month.\"It's a normal correction for a company that has made a run and gotten a lot of publicity,\" said Tom Plumb, chief executive and portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings. \"Until there's a confirmation that the actual business would justify the slowing of the momentum, I don't think you've reached the all-time peak.\"Bullishness on Nvidia was evident in the options market, though the stock's recent share price slide appears to have made traders more cautious.Nvidia call options, typically used to bet on a rising stock price, outnumbered puts by 1.4-to-1 over the last three sessions, Trade Alert data showed. That compared to a call-to-put ratio of 1.6-to-1 for the prior 10 sessions.At the same time, Nvidia short sellers, who bet on declines in the stock, have gained $4.97 billion in the past three sessions combined, according to data analytics firm Ortex Technologies.Meanwhile, retail investors have likely been buyers of the stock on the recent dip, said Mario Iachini, senior vice president of Vanda Research, which tracks the behavior of individual investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":321040385233160,"gmtCreate":1719386844518,"gmtModify":1719387412029,"author":{"id":"4182484695138562","authorId":"4182484695138562","name":"Vicky soni","avatar":"https://community-static.tradeup.com/news/f951f985354e72104233aaa70668c2d4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Market movements ","listText":"Market movements ","text":"Market movements","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321040385233160","repostId":"2446916871","repostType":2,"repost":{"id":"2446916871","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1719356927,"share":"https://www.laohu8.com/m/news/2446916871?lang=&edition=full","pubTime":"2024-06-26 07:08","market":"us","language":"en","title":"Nvidia Shares Surge Nearly 7%, Bouncing After $430 Billion Market Slump","url":"https://stock-news.laohu8.com/highlight/detail?id=2446916871","media":"Reuters","summary":"Shares of Nvidia surged nearly 7 per cent on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value.Nvidia's sha","content":"<html><head></head><body><p>Shares of Nvidia surged nearly 7 per cent on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/df7279e783c94d13cec054021bb4ad5d\" tg-width=\"839\" tg-height=\"821\"/></p><p>Nvidia's shares finished at $126.09, after a tumble that saw them lose around 13 per cent from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.</p><p>"The bounce today is a normal technical bounce after a 15 per cent drop in three days; you're not going to go straight down every single day," said Tom Hayes, chairman at Great Hill Capital in New York. "It's a great company, it's a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split," Hayes added.</p><p>Nvidia's breathtaking rise and its position as the dominant provider of chips to support artificial intelligence applications have made it emblematic of this year's tech-driven boom in U.S. stocks.</p><p>Shares of Nvidia, which last week briefly became the world's most valuable company, are up 154 per cent this year and have accounted for nearly 30 per cent of the S&P 500's year-to-date return as of Monday's close, according to S&P Dow Jones Indices. The index is up 14.6 per cent this year.</p><p>The recent selloff helped ease some worries about Nvidia's valuation, which now stands at about $3.1 trillion from a high of about $3.3 trillion earlier this month.</p><p>"It's a normal correction for a company that has made a run and gotten a lot of publicity," said Tom Plumb, chief executive and portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings. "Until there's a confirmation that the actual business would justify the slowing of the momentum, I don't think you've reached the all-time peak."</p><p>Bullishness on Nvidia was evident in the options market, though the stock's recent share price slide appears to have made traders more cautious.</p><p>Nvidia call options, typically used to bet on a rising stock price, outnumbered puts by 1.4-to-1 over the last three sessions, Trade Alert data showed. That compared to a call-to-put ratio of 1.6-to-1 for the prior 10 sessions.</p><p>At the same time, Nvidia short sellers, who bet on declines in the stock, have gained $4.97 billion in the past three sessions combined, according to data analytics firm Ortex Technologies.</p><p>Meanwhile, retail investors have likely been buyers of the stock on the recent dip, said Mario Iachini, senior vice president of Vanda Research, which tracks the behavior of individual investors.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Shares Surge Nearly 7%, Bouncing After $430 Billion Market Slump</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Shares Surge Nearly 7%, Bouncing After $430 Billion Market Slump\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-06-26 07:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of Nvidia surged nearly 7 per cent on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/df7279e783c94d13cec054021bb4ad5d\" tg-width=\"839\" tg-height=\"821\"/></p><p>Nvidia's shares finished at $126.09, after a tumble that saw them lose around 13 per cent from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.</p><p>"The bounce today is a normal technical bounce after a 15 per cent drop in three days; you're not going to go straight down every single day," said Tom Hayes, chairman at Great Hill Capital in New York. "It's a great company, it's a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split," Hayes added.</p><p>Nvidia's breathtaking rise and its position as the dominant provider of chips to support artificial intelligence applications have made it emblematic of this year's tech-driven boom in U.S. stocks.</p><p>Shares of Nvidia, which last week briefly became the world's most valuable company, are up 154 per cent this year and have accounted for nearly 30 per cent of the S&P 500's year-to-date return as of Monday's close, according to S&P Dow Jones Indices. The index is up 14.6 per cent this year.</p><p>The recent selloff helped ease some worries about Nvidia's valuation, which now stands at about $3.1 trillion from a high of about $3.3 trillion earlier this month.</p><p>"It's a normal correction for a company that has made a run and gotten a lot of publicity," said Tom Plumb, chief executive and portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings. "Until there's a confirmation that the actual business would justify the slowing of the momentum, I don't think you've reached the all-time peak."</p><p>Bullishness on Nvidia was evident in the options market, though the stock's recent share price slide appears to have made traders more cautious.</p><p>Nvidia call options, typically used to bet on a rising stock price, outnumbered puts by 1.4-to-1 over the last three sessions, Trade Alert data showed. That compared to a call-to-put ratio of 1.6-to-1 for the prior 10 sessions.</p><p>At the same time, Nvidia short sellers, who bet on declines in the stock, have gained $4.97 billion in the past three sessions combined, according to data analytics firm Ortex Technologies.</p><p>Meanwhile, retail investors have likely been buyers of the stock on the recent dip, said Mario Iachini, senior vice president of Vanda Research, which tracks the behavior of individual investors.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0061474960.USD":"天利环球焦点基金AU Acc","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4551":"寇图资本持仓","LU0109392836.USD":"富兰克林科技股A","LU0353189763.USD":"ALLSPRING US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4549":"软银资本持仓","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4548":"巴美列捷福持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4567":"ESG概念","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY \"A\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A(离岸)美元","LU0072462426.USD":"贝莱德全球配置 A2","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","BK4543":"AI","LU0082616367.USD":"摩根大通美国科技A(dist)","BK4527":"明星科技股","NVDA":"英伟达","LU0056508442.USD":"贝莱德世界科技基金A2","BK4550":"红杉资本持仓"},"source_url":"https://www.channelnewsasia.com/business/nvidia-shares-surge-nearly-7-bouncing-after-430-billion-market-slump-4436176","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2446916871","content_text":"Shares of Nvidia surged nearly 7 per cent on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value.Nvidia's shares finished at $126.09, after a tumble that saw them lose around 13 per cent from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.\"The bounce today is a normal technical bounce after a 15 per cent drop in three days; you're not going to go straight down every single day,\" said Tom Hayes, chairman at Great Hill Capital in New York. \"It's a great company, it's a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split,\" Hayes added.Nvidia's breathtaking rise and its position as the dominant provider of chips to support artificial intelligence applications have made it emblematic of this year's tech-driven boom in U.S. stocks.Shares of Nvidia, which last week briefly became the world's most valuable company, are up 154 per cent this year and have accounted for nearly 30 per cent of the S&P 500's year-to-date return as of Monday's close, according to S&P Dow Jones Indices. The index is up 14.6 per cent this year.The recent selloff helped ease some worries about Nvidia's valuation, which now stands at about $3.1 trillion from a high of about $3.3 trillion earlier this month.\"It's a normal correction for a company that has made a run and gotten a lot of publicity,\" said Tom Plumb, chief executive and portfolio manager at Plumb Funds, which has Nvidia as one of its largest holdings. \"Until there's a confirmation that the actual business would justify the slowing of the momentum, I don't think you've reached the all-time peak.\"Bullishness on Nvidia was evident in the options market, though the stock's recent share price slide appears to have made traders more cautious.Nvidia call options, typically used to bet on a rising stock price, outnumbered puts by 1.4-to-1 over the last three sessions, Trade Alert data showed. That compared to a call-to-put ratio of 1.6-to-1 for the prior 10 sessions.At the same time, Nvidia short sellers, who bet on declines in the stock, have gained $4.97 billion in the past three sessions combined, according to data analytics firm Ortex Technologies.Meanwhile, retail investors have likely been buyers of the stock on the recent dip, said Mario Iachini, senior vice president of Vanda Research, which tracks the behavior of individual investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":27,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}