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What happened to NVIDIA's collapse? One day's market value evaporates an "amd"

According to Beijing time, in the early morning of Saturday (November 17), US stocks generally closed higher, but major stock indexes recorded a large decline this week. So what's the matter with NVIDIA's collapse? One day the market value evaporates an 'amd'.

The standard & Poor's 500 index rose 6.07 points, or 0.22%, to 2736.27; the Dow Jones industrial average rose 123.95 points, or 0.49%, to 25413.22; the Nasdaq composite index fell 11.16 points, or 0.15%, to 7247.87.

Main sectors:

Shares in China are up and down in different ways. 58 over 5% in the same city, 4.75% in Jingdong, 3% in Momo and funny headlines, and 3% in Sohu and vipshop. At a time when us tech stocks fell in succession this week, baidu rose 1.74%, Sina and Netease rose more than 5%, bilibilibili rose more than 8%, pinduoduo rose more than 13% and Alibaba fell more than 1%.

Tech stocks were mixed. Among the top five US technology giants, only apple closed higher, while Facebook led the decline, after its CFO responded to the New York Times report.

Chip stocks rose and fell in different ways, with NVIDIA closing down 18.76%, down about 20% at one time in the session, the biggest one-day decline in more than 10 years. TSMC fell more than 4% as it was downgraded by Morgan Stanley. Applied materials ended higher as Citigroup added the company to its semiconductor purchase list, although the guidance for the first quarter was less than expected.

Among other technology stocks, Tesla, twitter, Oracle and IBM all ended higher.

Focus on individual stocks:

NVIDIA shares fell 18.8%. Several investment banks today downgraded NVIDIA's stock rating or target share price as NVIDIA's third quarter and fourth quarter results in fy19f were lower than analysts expected. The stock has fallen 21.9% in the past three months, while the PHLX Semiconductor Index fell 7.4% over the same period.

Tesla closed 1.7% higher. The pre-sale price of the company's model 3 in China is 588000, and the price of high-performance version is 698000. At the same time, the user can also pay a certain fee to select the body color, interior decoration, intelligent configuration, enhanced auxiliary driving system, etc., plus the purchase tax and other related costs, to purchase the high-performance model 3, and the cost paid by the end user may exceed 800000 yuan.

Apple closed 1.1% higher. Analysts at daimo reiterated their ratings on Apple's overweight, saying the recent weakness was an overreaction to smartphone vendor sales warnings, creating a buying opportunity. According to variety, Apple has entered into a partnership with American independent entertainment company A24 to produce original films.

Market analysis:

David Madden, market analyst at CMC markets UK, said: 'NVIDIA's share price fell after its earnings report last night, and today it is the focus of the market. NVIDIA's third quarter earnings per share exceeded expectations, but its revenue was slightly lower than expected. What caused the crash was the disappointing outlook for its future performance. '

"The prime minister Theresa May had a disastrous day yesterday, and investors are still scared by the political situation in the UK today," Madden said. '