Why are Amazon and Nvidia stocks falling?

Both Amazon and Nvidia stocks have entered correction territory due to an intensifying selloff in the technology sector.

What is a stock correction?

A stock correction is a decline of 10% or more from a recent high, indicating a potential shift in market sentiment.

Did Amazon's Q3 earnings disappoint investors?

While Amazon's Q3 earnings initially boosted its stock, recent market pressures have erased those gains, indicating broader sector concerns.

Home / Business and Economy / Tech Stocks Tumble: Amazon & Nvidia in Correction

Tech Stocks Tumble: Amazon & Nvidia in Correction

19 Nov

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Summary

Amazon and Nvidia stocks entered correction territory.
Recent selloff erased gains from Amazon's Q3 earnings.
Tech sector downturn intensifies with major stock drops.

Tech Stocks Tumble: Amazon & Nvidia in Correction

Major technology stocks, including Amazon and Nvidia, have recently entered correction territory. This significant downturn in the tech sector intensified on Tuesday, signaling a broader market adjustment. The pressure on Amazon's stock is particularly notable, as it has now erased all the gains achieved following the company's third-quarter earnings release.

Initially, Amazon's third-quarter performance appeared to bolster its standing as a key beneficiary of artificial intelligence advancements. However, the current market sentiment has shifted, leading to a sharp decline in its share price. This volatility reflects a broader trend affecting major players in the technology industry.

The intensified selloff underscores the dynamic nature of the tech market, where rapid gains can be quickly reversed. As investors reassess valuations, companies heavily associated with AI growth are facing increased scrutiny and market corrections.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.