{"id":114660,"date":"2024-10-16T04:36:02","date_gmt":"2024-10-15T21:36:02","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=114660"},"modified":"2024-10-16T04:36:02","modified_gmt":"2024-10-15T21:36:02","slug":"nasdaq-leads-stock-declines-as-nvidia-chip-stocks-sell-off","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=114660","title":{"rendered":"Nasdaq leads stock declines as Nvidia, chip stocks sell off"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Apple (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/AAPL\" data-ylk=\"slk:AAPL;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">AAPL<\/a>) stock hit a new intraday high of $237.49 on Tuesday, eclipsing its <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/www.forbes.com\/sites\/dereksaul\/2024\/07\/15\/apple-stock-hits-record-high-on-ai-iphone-anticipation---as-analysts-predict-5-trillion-valuation\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:prior record of $237.23;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">prior record of $237.23<\/a> on July 15. The stock&#8217;s climb added about $70 billion to its market capitalization, putting it further ahead of Nvidia (<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\" data-ylk=\"slk:NVDA;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">NVDA<\/a>) as the world&#8217;s most valuable company after<a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/nvidia-notches-record-high-looks-to-unseat-apple-as-worlds-most-valuable-company-143811889.html\" data-ylk=\"slk:Nvidia's gains jeopardized the iPhone maker's lead;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\"> Nvidia&#8217;s gains jeopardized the iPhone maker&#8217;s lead<\/a>.<\/p>\n<p>The stock pared gains after notching the record, gaining about 1.5% in afternoon trading. Meanwhile, Nvidia fell around 4%.<\/p>\n<p>Apple&#8217;s upward move comes a day after preliminary data showed rising demand for iPhones in the third quarter. Global iPhone shipments rose 3.5% from last year, according to the International Data Corporation (IDC).<\/p>\n<p>&#8220;While the growth of the Chinese players in emerging markets has been an ongoing theme this year, Apple also enjoyed a 3.5% YoY growth in shipments this quarter fueled by strong demand from the previous models and the launch of the new iPhone 16 lineup,&#8221; said Nabila Popal, IDC&#8217;s data &amp; analytics senior director, in a statement Monday.<\/p>\n<p>&#8220;Despite the staggered rollout of Apple Intelligence in markets outside the U.S., Apple will continue to grow in the upcoming holiday season,&#8221; she added.<\/p>\n<p>Apple released its new iPad mini, which is equipped to run its suite of AI features, on Tuesday.<\/p>\n<p>Apple is set to report earnings Oct. 31, and Wall Street analysts tracked by Bloomberg expect earnings to rise 9% from last year to $1.59 per share. Some 40 analysts recommend buying the stock, while 19 have a Hold rating and two recommend selling shares, according to Bloomberg data. Apple shares are up 32% from last year, and analysts see the stock rising further to over $245 over the next 12 months, Bloomberg data shows.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/live\/stock-market-today-nasdaq-leads-stock-declines-as-nvidia-chip-stocks-sell-off-200140020.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple (AAPL) stock hit a new intraday high of $237.49 on Tuesday, eclipsing its prior record of $237.23 on July 15. The stock&#8217;s climb added about $70 billion to its &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=114660\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-114660","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/114660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114660"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/114660\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}