Nvidia and AMD Face Heavy Selling, Weighing on Tech Market

The day was tumultuous for the technology sector, with significant declines led by Nvidia and AMD, while Bitcoin stands out with substantial gains.

What moved the market

1. **Decline in Nvidia**

   Investors appear to be worried about Nvidia's second-quarter results, which are seen as a crucial test for the resurgence of AI trading. The stock fell 7.35%, reflecting fears that demand growth may not be as strong as expected.

   AffectsNVDA-7.35%

2. AMD and new debt

   Advanced Micro Devices (AMD) saw its shares fall 9.73% after announcing a debt increase of $4.75 billion to boost its AI development in Taiwan. This move raised concerns about the company’s ability to manage its financial burden in a competitive landscape.

   AffectsAMD-9.73%

4. Walmart down

   Despite reporting positive results, Walmart fell 6.86%. This is due to pressures on consumer spending, which are intensifying amid economic uncertainties. This weak performance may indicate a concerning shift in consumer behavior.

   AffectsWMT-6.86%

5. Devaluation of Intel

   Intel fell 15.68% amid unusual options activity, suggesting that the market is bracing for volatility. This decline may be linked to the company's ongoing challenges in a sector that is rapidly advancing in innovations.

   AffectsINTC-15.68%

6. Bitcoin records significant appreciation

   In an environment of uncertainty in technology stocks, Bitcoin gained 2.57%, approaching 80 thousand dollars. This increase, which is the largest weekly rise ever recorded, reflects a strong appetite for safe-haven assets in times of a volatile market.

   AffectsBTC-USD+2.57%