The financial markets experienced a mixed performance on Tuesday, as traders reacted to various announcements and economic indicators. The broad-based S&P 500 index slipped marginally by 0.2%, while the technology-heavy Nasdaq Composite lost a more significant 0.8%.
Nvidia’s Conference: A Mixed Response
The semiconductor giant Nvidia held its inaugural GTC Conference, showcasing its latest advancements in artificial intelligence (AI). However, the market reaction was lukewarm. 
Nvidia’s CEO, Jensen Huang, unveiled the new “Blackwell” AI chip, touting its superior capabilities compared to its predecessors. Despite this announcement, investors were not particularly impressed. Nvidia’s stock price retreated by 3.1%, possibly due to the fact that it had already experienced a substantial 78% surge in value year-to-date. Some investors may have chosen to sell their shares to secure profits.
Super Micro Computer Plunges
Super Micro Computer, a key supplier of servers for Nvidia’s AI operations, experienced a sharp decline of over 11.5% in its share price. This drop was attributed to the company’s announcement of a share offering. The stock had previously soared by more than 250% this year, driven by enthusiasm for AI technologies. Its recent inclusion in the prestigious S&P 500 index added further to its momentum.
Federal Reserve in the Spotlight
The LA News Center shifted its focus to Washington, where the Federal Reserve (Fed) commenced a two-day policy meeting. Investors are closely
