SMCI - Is the Nvidia-led tech selloff signaling a coming rotation?

2024-06-25 06:57:26 ET

Nvidia ( NASDAQ: NVDA ) is sparking broader market chatter after extending its recent losing streak to enter correction territory on Monday. The high-flying stock lost $500B in market cap over the past several sessions, retreating to third place - behind Apple ( AAPL ) and Microsoft ( MSFT ) - in the rankings of the most valuable companies on the planet. It's still up 140% YTD, making it the second-best performer in the S&P 500 Index ( SP500 ) behind Super Micro Computer ( SMCI ), which has nearly tripled in 2024....

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