Nvidia (NVDA) shares trend lower on Wednesday as the chip stock got swept away in this week’s market sell-off to kick off September. It was originally reported that the chipmaker was served a subpoena by US Department of Justice officials, according to a Bloomberg report, which Nvidia went on to refute.
Nvidia’s stock losses this week have led to the erasure of nearly $280 billion in its market cap.
Northwestern Mutual Wealth Management chief portfolio manager Matt Stucky sits down with Julie Hyman and Josh Lipton on Market Domination to talk about whether its possible for investors to find possible AI exposures past Nvidia.
"Nvidia dominates the infrastructure layer of AI today, and that’s the action that’s playing out in terms of investment so far. Eventually that should transform into platformization and eventually applications that continue to fuel the investment and ecosystem surrounding AI," Stucky says. "But we’re just not there yet. So if you want exposure to the best of the best as it relates to AI equities, Nvidia continues to dominate that trade."
#stockmarket #youtube #news
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
