Nvidia stock rebounds as dip-buyers step in
Nvidia shares recovered more than half of their losses after the resignation, lifting the S&P 500 back into positive territory. Retail demand was reportedly a record at the open.
What we know
Market commentators report Nvidia rose back above $163, erasing half its daily loss, and the S&P 500 turned green. Vanda data cited by a market account shows retail bought a record $111M at the open. One account notes a low of 148.8 and a rebound above 165. HSBC's Max Kettner said the gap between chip stocks and Nvidia is the widest since the financial crisis.
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“Nvidia stock pares losses, rising back above $163/share”
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