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home / articles / SPY - What's Going On With Nvidia Stock Friday? | Benzinga

SPY - What's Going On With Nvidia Stock Friday? | Benzinga

SPDR S&P 500

Nvidia Corp (NASDAQ: NVDA) stock continued to remain jittery Friday after a two-day slide amid rising Treasury yields and China's retaliatory move against Apple Inc (NASDAQ: AAPL) iPhone, including Huawei Technologies Co, Ltd's smartphone launch triggering a selloff in the tech sector.

Broader indexes represented by SPDR S&P 500 (NYSE: SPY) and Invesco QQQ Trust, Series 1 (NASDAQ: QQQ) lost close to 2% this week.

Meanwhile, Nvidia's former acquisition target Arm Ltd shared ambitious forecasts driven by the demand for chips in data centers and AI. 

The Softbank Group Corp (OTC: SFTBF) (OTC: SFTBY) backed chip designer projected an 11% revenue growth for the current fiscal year and over 20% growth in FY25, driven by the demand for chips in Full story available on Benzinga.com
Stock Information
Company Name: SPDR S&P 500
Stock Symbol: SPY
Market: NYSE
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