The S&P 500 Has Been Rallying Since the U.S. Election but Nvidia Has Been Struggling. Is It a Sign the Stock May Have Finally Peaked?

The U.S. presidential election has proven to be a positive catalyst for the stock market. Since Nov. 5, the S&P 500 has risen by 5% as of Monday. But one stock that hasn't been doing well since then is Nvidia (NASDAQ: NVDA), which has gone in the opposite direction, declining by more than 6%.It's unusual territory for Nvidia to be in, as it has been among the hottest growth stocks to own, especially in recent years. Are its recent struggles a sign that it has finally hit a peak?When Nvidia reported earnings last month and beat expectations, and the stock didn't surge in value, that was perhaps the big warning sign to investors that it may not be so easy for the hot artificial intelligence (AI) stock to take off anymore. Nvidia's sales nearly doubled to $35 billion for the period ended Oct. 27 and net income of more than $19 billion was an astounding 55% of the top line. It beat expectations as AI demand remains robust. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool