Tech stocks aren't in favor with investors right now, but this weakness makes it an excellent time for investors to go bargain hunting. Nvidia makes graphics processing units (GPUs) that are used to process intense calculations quickly for uses including gaming graphics, artificial intelligence (AI), and cryptocurrency mining. A decline in demand for mining equipment will hurt Nvidia's sales. Read More...
Motley Fool
How Far Could the Stock Market Fall? 2 Indicators May Hold the Answer
If there’s a perfect word to sum up the first six months of 2022 for the investing community, I believe it’s “Yuck!” As of the closing bell on June 30, 2022, the U.S. stock market delivered its worst first-half return in 52 years. Since hitting their respective all-time closing highs between mid-November and the first week of January, the widely followed Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and growth-stock-driven Nasdaq Composite (NASDAQINDEX: ^IXIC), respectively plunged by as much as 19%, 24%, and 34%. You’ll note these figures firmly entrench the S&P 500 and Nasdaq in a bear market, with the iconic Dow Jones just one bad day away from joining its peers.
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