News

US Stock Plunge: Apple, Microsoft, Nvidia Down Big, JPMorgan Sees Bargains!

Key Points:

  • Major US stocks plunge indexes opened sharply lower, significantly declining key tech stocks.
  • Google fell 6.5%, Amazon over 8%, and Tesla more than 10.85%, reflecting widespread market turmoil.
  • Despite the downturn, JPMorgan Chase suggests that the market dip could be a prime opportunity to buy lower-priced stocks.
The three major US stock plunge indexes opened significantly lower, driven by Apple, whose shares slid 9.6% due to increased investor worry over the tech giant’s near-term prospects.

Microsoft was next in line with a decline of 4.8%, but Nvidia dropped 14.3% due to what analysts described as fundamental concerns about the semiconductor industry’s volatility.

Read more: Japan’s Nikkei Drop 14%: Worst One-Day Plunge Since 1987!

Google, Amazon, and Tesla Also Fall

Other major technology companies felt the full force of the US stock plunge. Google slid 6.5%, while Amazon dropped more than 8%. Tesla, ever the wild stock swinger, fell more than 10.85%, further dampening the jitters underway across the market.

JPMorgan Sees Strategic Buying Chance US Stock Plunge

JPMorgan Chase‘s trading desk has offered a ray of hope. According to the latest analysis by the bank, the current US stock plunge conditions can turn out to be a tactical opportunity for investors. The bank further said that the recent sell-off may turn out to be a ‘buy on dips’ opportunity and indicated that the market could bounce back once conditions stabilize.

JPMorgan’s view rests on the fact that while there has been a very strong correction in the market, most of these corrections precede a recovery phase. So, investors could get value in buying stocks at a discount, particularly those of high-quality companies. Known colloquially as “buying the dip,” this is an investment strategy to take advantage of potential future gains when market sentiment turns positive.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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