Wall Street ends mixed, Nvidia shares slip

Quick Summary:

The tech-heavy Nasdaq closed lower on Wednesday, taking a break from the prior session's rally as investors worried about escalating Russia-Ukraine tensions and weak results from Target, while awaiting earnings from megacap Nvidia that landed after the bell.

Nvidia shares have nearly tripled in value this year, accounting for about 20% of the S&P 500's returns over the last 12 months, according to BofA Global Research.

The stock fell further after the bell when its fourth-quarter revenue forecast was slightly above estimates, but failed to meet lofty expectations of some investors.

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Category: EconomyBusiness

Markets: MalaysiaUkraine

Topics: BitcoinSurge TechStocks Markets NasdaqDecline /Business/ RetailChallenges GeopoliticalRisks AIInvestments NvidiaEarnings

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 06:33:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 647 words

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