Nvidia stands out as broader tech mood cools
Deutsche Bank strategists say the global equity rally lost steam near record highs as tech shares weakened. Nvidia bucked the trend while the S&P 500 and Nasdaq slipped, led by AMD and semiconductor declines.
Global equities stalled near all-time peaks after technology stocks turned lower, according to Deutsche Bank strategists. The S&P 500 edged into negative territory, and the Nasdaq underperformed, as AMD and other semiconductor names retreated from recent gains.
Nvidia managed to resist the selling pressure, standing out in a session where the broader tech mood cooled. The divergence highlighted the stock's resilience even as a key sector group pulled back.
The weakness in chips weighed on the wider market, with strategists noting that the rally that had carried indexes to record territory is now facing headwinds from shifting sentiment in high-growth tech names.
Source: FXStreet Forex News