Shares of Nvidia Corp. NVDA fell 0.3% in morning trading, putting then in danger of a fifth-straight loss, as the semiconductor maker and artificial-intelligence play tracked the weakness in the chip sector and the broader stock market. The stock has seesawed around the flatline in intraday trading, as it first fell as much as 1.4%, then rose as much as 1.1%, before turning lower again. Meanwhile, the PHLX Semiconductor Index SOX was down 0.3% and the S&P 500 SPX was off by 0.5% in morning trading. A fifth-straight loss for Nvidia’s stock would be the longest such streak since the five-day losing streak that ended Dec. 14, 2022. Since then, the stock has had seven four-day losing streaks, including the current streak through Tuesday’s close. Nvidia’s stock was down 8.7% so far in September. That puts it on track to snap a four-month win streak, which was the longest monthly win streak since the 6-month stretch that ended September 2020.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.