Nvidia, Tesla slammed as 'Magnificent 7' names lead market lower in Monday washout
Published On Mar 10, 2025, 4:10 PM
The U.S. stock market experienced a significant sell-off led by major tech stocks known as the 'Magnificent Seven,' including Nvidia and Tesla. Nvidia's stock lost over 5% and has dropped significantly from its record high, while Tesla saw a dramatic decline of 15% on the day. The entire tech sector faced pressure due to recent market trends indicating a possible correction, with the S&P 500 nearing a correction threshold as market sentiment continues to weaken amidst geopolitical concerns and inflation fears. Analysts warn of a potential 14-20% drawdown in the S&P 500, leading to uncertainty about market recovery.
Stock Forecasts
NVDA
Negative
Given the significant drop in prices and the newfound bearish sentiment on growth stocks, it's likely that Nvidia and Tesla will continue to face downward pressure in the near term, particularly as broader market concerns prevail.
TSLA
Negative
Tesla's aggressive decline amid market fears indicates potential vulnerability ahead. Investor confidence appears shaken, particularly with high reliance on future growth expectations. Unless significant positive news breaks, downward momentum is expected to continue.
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