Investors exit Nvidia as Nasdaq hits high

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Losing streak for the Dow
On Monday, again Dow Jones Industrial Average He lost 0.25% for himself eighth straight lossThe longest streak since 2018 S&P 500 It won 0.38% and Nasdaq Composite It advanced 1.24% to close at a new high. These were the markets of Asia and the Pacific mixed up on tuesday. China’s CSI 300 rose about 0.4% after the lawmakers as reported He projected an increase in the country’s budget deficit in 2025.

Correction: Nvidia
Nvidia shares fell 1.7% to close at $132 on Monday. That’s about 11% off its November close of $148.88 Nvidia in correction territory. That said, Nvidia is still up 166% this year, and the correction doesn’t necessarily indicate a permanent downtrend. In addition, other chip makers such as Broadcomthey are still there strengthening forward.

Paving Waymo in Tokyo
Waymo will begin Testing its autonomous vehicles in Tokyo From 2025, the company announced on Monday. It’s Alphabet’s company’s first foray into an international market—and a left-hand drive road. Local taxi operator Nihon Kotsu and GO taxi app will partner with Waymo in Tokyo.

Investment incentive or disincentive?
Indonesia banned its sale of the apple iPhone 16 in October for him the law requiring companies to invest in or supply components in the country. The government is now asking Apple Invest $1 billion manufacturing mobile phone components in Indonesia. However, analysts believe that these are tactics to attract investment in the country it could go back.

(PRO) Even smaller European companies
U.S. small- and mid-cap companies have been attracting attention — and inflows — in recent weeks thanks to Trump’s apparent focus on the domestic economy. across the Atlantic European companies of this size they are also likely to outperform their larger counterparts next month, according to Deutsche Bank strategists.

This is what is most disappointing for Nvidia and its shareholders research A Chinese regulator, there have been no other major bumps in the road: In fact, they are the foundations of the company stable.

Keith Lerner, chief investment officer at Truist, noted that Nvidia’s position in the semiconductor and artificial intelligence industries has not changed. “You need Nvidia, and you need their chips for the infrastructure,” Lerner said. “But I think what the market is saying is that there are other beneficiaries beyond that.”

The fact that the Nasdaq Composite closed at another record high despite Nvidia’s decline is a sign of this turnaround in other semiconductor and AI-related stocks.

Most notably, Broadcom shares have hammered the accelerator, off the back of a blistering advance on Friday and Monday. fourth quarter earnings report and increasing price targets by banks.

“Momentum is driving this stock. I don’t think momentum is going to kill it yet, but momentum is driving it, which is looking for the highest plane,” said Kim Forrest, chief investment officer at Bokeh Capital Partners.

The key difference between playing the stock market and Mario Kart is that the latter is a zero-sum game—you lose if your friend wins—but that’s not always the case with the former. You can own Nvidia and Broadcom, and profit from whoever is leading the race.

– CNBC’s Ari Levy, Samantha Subin, Brian Evans and Jess Pound contributed to this report.