STORY: Nvidia shares on Thursday (June 20) reversed their early-morning gains and ended 3.5% lower.
Speaking with Reuters Lisa Bernhard, Miller attributed the about-face in its shares, as well those of other tech giants, to profit-taking by investors, adding that a three-month consolidation of market-leading megacap stocks “would be fantastic.”
“There’s so much of the broader market that is perfectly healthy,” Miller said. “I think it has plenty [of room] to catch up and still go and that will sort of be the second leg of this ongoing bull market.”
Source Agencies
