Posted 2/28/2024, 8:25:11 PM
Chip Stocks Dip as Investors Cash Out Recent Gains
- Nvidia stock dipping after recent explosive gains, causing some investors to take profits
- Nvidia board members sold $64 million in stock last week per SEC filings
- SoundHound AI stock crashed 14% today due to analyst downgrade from "outperform" to "market perform"
- SoundHound's sell-off contributing to negativity and profit taking in AI stocks like Super Micro
- Super Micro now down nearly 3% on the day, after being down almost 5% earlier