Nvidia stock halted for the day; $91 billion AI trade back in play soon
Nvidia shares didn’t trade Monday with U.S. markets closed for Memorial Day. Wall Street opens again Tuesday. The AI chipmaker faces pressure even after posting yet another record quarter and giving a sales outlook that beat forecasts. Nvidia’s timing is key. The stock often trades as a stand-in for AI infrastructure spending. Shares dropped late last week, despite the Dow Jones Industrial Average closing at a record and the S&P 500 posting its eighth weekly gain in a row.