Nvidia is still 'amazingly dominant' amid tech pullback: Strategist

Nvidia's (NVDA) stock slump - down by 9% over the last five trading days - dragging down tech-heavy indexes (^DJI, ^IXIC, ^GSPC) along with it.
Yahoo Finance's The Morning Brief welcomes Commonwealth Financial Network CIO Brad McMillan to talk about recent trends in the tech sector and major chip players.
"When you look at the underlying trends, there are some companies coming up underneath Nvidia in the in the artificial intelligence [AI] market. But at the same time Nvidia is still amazingly dominant," McMillan explains. "So, you know a little bit of a pullback, that doesn't worry me necessarily in the short term as long as the trends remain positive and they are. And those other companies give you other opportunities going forward."
McMillan also weighs in on opportunities in small-cap stocks (^RUT) and the Federal Reserve's interest rate approach to inflation.
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[@bobbybrettel5422]

Why rotate out of tech when the smaller stock do not post anywhere near the same growth or financial health......just keep buying NVDA

[@CamiWiz]

"With respect, I think that's the wrong question" might have rubbed the interviewer the wrong way :D

[@MatthewMS.]

The GOAT 🐐

[@StewieGriffin]

NVDA IS ON FIRE SALE NOW 500K PUTS NO WAY THE MARKET MAKERS ARE GOING LET THESE BEARS CASH OUT WITH HUGE GAINS

[@montino_mygame]

why don't you just donate to the foundation bro... at least you will get a reward from god lol🤣

[@montino_mygame]

I think Nvidia's price is too expensive now. and that happened because the news was overhyped. eventually it will return to its fair value. Most likely it will be under 100$. Many influencers say that Nvidia is fine because they want to cut at the best price to avoid losses. they say to hold long term But the funny thing is that no one discusses the conflict behind China, Taiwan, TSMC and Nvidia. And did you know... because of that, it was hard for Nvidia to getting chip supplies. No chip = low profit

[@montino_mygame]

Low profit = every one out and get another stock The price Will drop very deep for 3/5 years

[@sunrizen]

NVDA's fair value is more than MSFT and AAPL combined $6T. MSFT and AAPL future depends on NVDA, as does the future of humanity. NO HYPE. JUST FACT.

[@claus1225]

market doesnt care about truth. everyone is hyping it