Nvidia Stock Dips Amid Broad Semiconductor Selloff
Nvidia shares closed down 6% at $205.10 on June 8, dragged lower by a sector-wide retreat triggered by Broadcom's disappointing earnings. The selloff rippled across chipmakers, with AMD and Micron also declining sharply. CEO Jensen Huang framed the dip as a buying opportunity, while Wall Street analysts maintain bullish price targets.
Market sentiment soured as investors reassessed AI-sector valuations amid concerns about interest rate hikes. South Korea's Kospi index mirrored the pullback, reflecting global caution toward tech equities. Stocks with recent parabolic gains—including Micron and Marvell—absorbed the heaviest losses.
Log in to Reply
Log in to comment your thoughtsComments
Related Articles
|Square
Get the BTCC app to start your crypto journey
Get started today Scan to join our 100M+ users