* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

    Erykah Badu Announces ‘Abi & Alan’ Album With The Alchemist Will Be Delayed – yahoo.com

    Erykah Badu Opens Up About the Delay of Her Highly Anticipated ‘Abi & Alan’ Album with The Alchemist

    If You Needed Some BTS Pics Of The Rock’s Tree Trunk Legs To Spice Up Your Day, We Got ‘Em – yahoo.com

    Need a Boost? Check Out These Epic BTS Shots of The Rock’s Tree Trunk Legs!

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    New Technology from Ramsey Theory Group Brings Diagnostic Testing and Telehealth Directly into Patients’ Homes – Yahoo Finance

    Revolutionary Ramsey Theory Technology Delivers Diagnostic Testing and Telehealth Right to Your Doorstep

    China’s CATL sells stake in Finnish subcontract car manufacturer – Reuters

    China’s CATL Sells Stake in Finnish Auto Supplier in Strategic Move

    This Secret Technology Will Make The IPhone 17 Super Thin Air – VOI.ID

    How This Breakthrough Technology Will Make the iPhone 17 Incredibly Thin and Lightweight

    Gator football kicks off with excitement and new technology – WCJB | TV20

    Gator Football Kicks Off with Thrilling Action and Innovative Technology

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

    Erykah Badu Announces ‘Abi & Alan’ Album With The Alchemist Will Be Delayed – yahoo.com

    Erykah Badu Opens Up About the Delay of Her Highly Anticipated ‘Abi & Alan’ Album with The Alchemist

    If You Needed Some BTS Pics Of The Rock’s Tree Trunk Legs To Spice Up Your Day, We Got ‘Em – yahoo.com

    Need a Boost? Check Out These Epic BTS Shots of The Rock’s Tree Trunk Legs!

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    New Technology from Ramsey Theory Group Brings Diagnostic Testing and Telehealth Directly into Patients’ Homes – Yahoo Finance

    Revolutionary Ramsey Theory Technology Delivers Diagnostic Testing and Telehealth Right to Your Doorstep

    China’s CATL sells stake in Finnish subcontract car manufacturer – Reuters

    China’s CATL Sells Stake in Finnish Auto Supplier in Strategic Move

    This Secret Technology Will Make The IPhone 17 Super Thin Air – VOI.ID

    How This Breakthrough Technology Will Make the iPhone 17 Incredibly Thin and Lightweight

    Gator football kicks off with excitement and new technology – WCJB | TV20

    Gator Football Kicks Off with Thrilling Action and Innovative Technology

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Nvidia Stock Forecast: NVDA lets go of 5% on Friday after Thursday’s all-time high

March 9, 2024
in Business
Nvidia Stock Forecast: NVDA lets go of 5% on Friday after Thursday’s all-time high
Share on FacebookShare on Twitter

US NFP revisions worry the market on Friday.
Unemployment Rate rises to 3.9%, above 3.7% consensus.
China raises $27 billion investment vehicle to produce advanced chips.
NASDAQ drops a full percentage point, while Nvidia loses 5%.

Nvidia (NVDA) stock fell more than 5% on Friday after the US Nonfarm Payrolls (NFP) data for February distressed the market. February hiring was ahead of consensus, but January data saw a large-scale revision lower, while the Unemployment Rate rose to match the two-year high at 3.9%. 

Nvidia closed Friday down 5.6% at $875.28, while the S&P 500 fell 0.65% and the NASDAQ dropped 1.16% in an unusually volatile session. Arm Holdings (ARM), Advanced Micro Devices (AMD) and Super Micro Computer (SMCI) all ended the session lower as well.

Nvidia stock news: February NFP, Unemployment leads market lower

On Friday morning, the US Bureau of Labor Statistics reported that the US economy added 275K jobs in the month of February. That figure was well above the 200K that was previously estimated.

However, the market focused on the deep revision to January’s figure. Arguably, January’s spike to 353K was the primary cause for Wall Street and the Federal Reserve (Fed) pushing out the schedule for the first cut to interest rates to June. In this report, the January figure was trimmed all the way to 229K. That makes the market wonder if February’s 275K figure won’t eventually be revised much lower as well.

At the same time, the Unemployment Rate rose to 3.9%, which was a large-scale difference from the previous month’s 3.7% print. Investors compared the jump in unemployment to the month’s Average Hourly Earnings data, which only rose 0.1% from January. That rate was well below the 0.3% consensus and January rate of 0.5%. Together some analysts view the February report as a sign that the US economy is dimming.

Less dynamism in the economy and a looser labor market should give the Fed more reason to cut rates sooner, but the market on Friday seems worried that the data might be telling a more worrisome story. US Treasury yields fell for all tenures besides the 30-year as investors stormed into the safe asset at a strong pace.

In other news, the National Integrated Circuit Industry Investment Fund, called the Big Fund, in China has proposed raising another $27 billion for a third semiconductor investment vehicle. The Big Fund has already put $45 billion to work in the domestic chip industry in order to build up Chinese self-sufficiency in the realm of semiconductors. 

The Biden administration has ramped up sanctions against supplying the leading chips like Nvidia’s H100 to Chinese corporations, so this fund would aim its sights on investments that could counter the Western sanctions by producing AI-enabled chips at home.

Nvidia stock forecast

Nvidia stock is pulling back on Friday in what seems quite necessary since the stock has been on the warpath north all year. Just on Thursday, NVDA stock reached an all-time high of $927.67, reaching a $2.3 trillion market cap. The Relative Strength Index (RSI) has been overbought for some time, which typically requires a period of consolidation, otherwise known as a cooling-off period.

Nvidia’s intraday low was at $865. If it drops below here, both $840 and $800 are the next levels to watch. March 4 and March 5 experienced bottoms near $840, while $800 buffered the price action from February 26 through March 1, acting as both resistance and support. The 20-day Simple Moving Average (SMA) is also gunning for the $800 level, which provides its with more significance. Otherwise, a major pullback could send NVDA stock back to retouch the top of the upper trendline at $730 that held Nvidia stock down from 2020 through February of this year.

NVDA daily stock chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/nvidia-stock-forecast-nvda-pulls-back-after-jobs-report-shakes-market-202403082043

Tags: businessNVIDIAstock
Previous Post

United States CFTC S&P 500 NC Net Positions increased to $-204.4K from previous $-224.2K

Next Post

China Consumer Price Index (YoY) came in at 0.7%, above expectations (0.3%) in February

Trump’s tariff tsunami hits Brazil – Economy and ecology – IPS Journal

Trump’s Tariff Tsunami Strikes Brazil: Impact on Economy and Environment

September 2, 2025
The quantum mind: Rewriting the future, from physics to AI to technology and beyond – UCLA

The quantum mind: Rewriting the future, from physics to AI to technology and beyond – UCLA

September 2, 2025
Are there benefits to the prolonged fasting trend? Here’s what the science says – The Oklahoman

Unlocking the Unexpected Benefits of Prolonged Fasting: What Science Uncovers

September 2, 2025

Unlocking Nova LifeStyle Inc. Stock: Insider Buying Insights & Step-by-Step Trade Signal Guide

September 2, 2025
New Technology from Ramsey Theory Group Brings Diagnostic Testing and Telehealth Directly into Patients’ Homes – Yahoo Finance

Revolutionary Ramsey Theory Technology Delivers Diagnostic Testing and Telehealth Right to Your Doorstep

September 2, 2025
Sports betting rising among young adults, conversations about risks, resources encouraged – Curry Pilot

Sports betting rising among young adults, conversations about risks, resources encouraged – Curry Pilot

September 2, 2025
Russia and China redouble their efforts to reshape the world order – CNN

Russia and China redouble their efforts to reshape the world order – CNN

September 2, 2025
How Bad Bunny’s Puerto Rico Residency is Boosting the Economy – The New York Times

How Bad Bunny’s Puerto Rico Residency is Sparking a Local Economic Boom

September 2, 2025
Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

September 2, 2025
Trump quashes health concerns on Truth Social, ‘never felt better in my life’ and tees up next battle with Fed’s Lisa Cook – Fortune

Trump Denies Health Rumors, Says He’s ‘Never Felt Better’ as He Gears Up for Next Showdown with Fed’s Lisa Cook

September 2, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (803)
  • Economy (821)
  • Entertainment (21,701)
  • General (16,815)
  • Health (9,862)
  • Lifestyle (836)
  • News (22,149)
  • People (823)
  • Politics (829)
  • Science (16,032)
  • Sports (21,320)
  • Technology (15,802)
  • World (802)

Recent News

Trump’s tariff tsunami hits Brazil – Economy and ecology – IPS Journal

Trump’s Tariff Tsunami Strikes Brazil: Impact on Economy and Environment

September 2, 2025
The quantum mind: Rewriting the future, from physics to AI to technology and beyond – UCLA

The quantum mind: Rewriting the future, from physics to AI to technology and beyond – UCLA

September 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version