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Tech stocks, including Nvidia and Tesla, pulled back after record highs amid sector rotation, with Tesla down nearly 2.4% and Nvidia falling 1.5%. Despite the dip, optimism remains for continued gain…
Amazon shares fell about 3.0% and Tesla dropped roughly 1.9%, indicating short-term selling pressure across both names.
NVIDIA jumped ~3.5% while Tesla slipped ~2.1%; Intel and Goldman also moved, with Intel surging sharply, suggesting intraday sector rotation toward semiconductors and away from EV names.
August saw broad market gains while inflation remained above the Fed’s 2% target. Late-month tech volatility hit NVIDIA, Tesla, Meta and Amazon; Ethereum and sector ETFs (cannabis, materials) rallied…