Advertisement
New Zealand markets open in 4 hours 24 minutes
  • NZX 50

    12,329.44
    +37.41 (+0.30%)
     
  • NZD/USD

    0.6063
    -0.0020 (-0.33%)
     
  • ALL ORDS

    8,272.70
    -30.80 (-0.37%)
     
  • OIL

    83.38
    +0.53 (+0.64%)
     
  • GOLD

    2,454.60
    -5.30 (-0.22%)
     

Nvidia 'breather' good for market -portfolio manager

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."