The recent tech-led rally in the stock market has shown signs of fatigue, with the S&P 500 and Nasdaq falling while the Dow Jones remained relatively stable. Nvidia, which experienced a surge in value due to its AI technology, saw a significant drop in stock prices.
Investors are evaluating the health of the US economy and potential interest rate changes. The decline in the market was also influenced by soft economic data and a quarterly 'triple witching' event involving the expiration of derivatives contracts.
Despite the market volatility, there are still attractive investment opportunities in AI-related companies like Nvidia and other tech stocks.
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