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Squawk on the Street
Nvidia Correction, Tesla Extends Record Run, Trump Comments Cause Pain for Health Insurers 12/17/24
Dec 17, 2024
Nvidia is facing a significant correction, down over 10% from its peak, while Tesla is soaring to new heights thanks to an upgrade. President-elect Trump's drug pricing comments are causing turbulence for major health insurers. The team dives into the implications of the Fed's upcoming decisions and assesses the overall market landscape. There's also buzz around Databricks securing major funding, and discussions on the evolving pharmaceutical and tech sectors paired with insights on self-driving technologies.
42:46
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Quick takeaways
- NVIDIA's stock is currently in correction territory, prompting investors to reassess their positions despite strong demand in the GPU sector.
- Market reactions to Trump's drug pricing comments have negatively impacted shares of major health insurers, highlighting the volatile intersection of politics and healthcare stocks.
Deep dives
NVIDIA's Stock Dynamics
NVIDIA's stock has experienced fluctuations, currently facing a correction despite past successes. Analysts discuss the competitive landscape, noting Broadcom's impressive performance, which has led some investors to reassess their positions in NVIDIA. Despite concerns about market dynamics, industry experts maintain that NVIDIA remains a leader in the GPU sector due to ongoing demand, particularly from major cloud service providers like Amazon. The upcoming GTC conference is anticipated to provide further insights into the company's direction and technological advancements, which could influence investor sentiment.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode