This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to date on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

Losing streak for Dow
the Dow Jones Industrial Average lost 0.25% to her eight days of lossesthe longest streak since 2018. The S&P 500 gained 0.38% and the Nasdaq Composite advanced 1.24% to close at a new high. The pan-European Stoxx 600 index down 0.12%. Of France CAC 40 fell 0.71% after Moody's on Saturday degraded country's credit score to Aa3 from Aa2.

Correction: Nvidia
Nvidia shares fell 1.7% on Monday to close at $132. That's about 11% from its closing high of $148.88 in November, putting Nvidia in correction territory. That said, Nvidia is still up 166% this year, and a correction doesn't necessarily indicate a sustained downward trend. In addition, other chipmakers, such as Broadcomyet power forward.

Tick-tocking of the clock
on monday, TikTok asked the US Supreme Court to consider her appeal to block a law which can effectively ban the app in the country until January 19 On the same day, TikTok CEO Shou Zi Chew met with US President-elect Donald Trump at the latter's Mar-a-Lago club, NBC News confirmed. .

Son shines in the United States
During his Monday visit to Trump's Mar-a-Lago residence, Softbank CEO Masayoshi Son announced a a $100 billion investment in the United States over the next four years. In the joint announcement with Trump, Son also promised to create 100,000 jobs focused on artificial intelligence and related infrastructure.

(PRO) 'The market dissolves'
The market has priced at a more or less certain basis point rate cut by the US Federal Reserve on Wednesday. But if the rate cut happens, the Fed "risks a market meltdown" that could eventually cause stocks to fall. pull back from the topsEd Yardeni, president of Yardeni Research, told CNBC.

Playing the stock market can feel like a game of Mario Kart.

(For those unfamiliar with the joys of Mario Kart, it's a racing game involving Mario and his Nintendo friends.)

One moment you're eagerly in the lead, the next someone lagging behind is going after you because you're in the way of a bend.

Nvidia is currently in that unenviable position.

The frustrating thing for Nvidia - and its shareholders - is that apart from an investigation by a Chinese regulator, there have been no other major bumps in the road: In fact, the company's fundamentals are stable.

As Keith Lerner, co-chief investment officer at Truist points out, Nvidia's position in the semiconductor industry and artificial intelligence remains the same. "You need Nvidia, and you need their chips for the infrastructure," Lerner said. "But I think what the market is also saying is that there are other beneficiaries beyond that."

The fact that the Nasdaq Composite closed with another record even though Nvidia fell is a sign of that rotation in other semiconductor and AI related stocks.

Most notably, Broadcom shares found the accelerator, surging ahead Friday and Monday on the back of a turnaround. fourth quarter earnings report and prices increased by the banks.

"Momentum has been driving this stock. I don't think momentum is going to kill it quite yet, but momentum does what momentum does, which is to look for the higher flyer," said Kim Forrest, chief executive officer of -investment in Bokeh Capital Partners.

The main difference between stock market games and Mario Kart is that the latter is a zero-sum game — you lose if your friend wins — but that's not always the case with the former. You can own both Nvidia and Broadcom, and benefit regardless of the leader of the race.

— CNBC's Ari Levy, Samantha Subin, Brian Evans and Jess Pound contributed to this report.