Nvidia headquarters in Santa Clara, California.
David Paul Morris Bloomberg | Getty Images
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.
What you need to know today
Losing streak for Dow
On Monday, 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 Asia-Pacific markets were mixed on Tuesday. China's CSI 300 rose about 0.4% after lawmakers Allegedly planned to increase the country's budget deficit in 2025.
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.
Waymo paving in Tokyo
Waymo will start tests its autonomous vehicles in Tokyo from 2025, the company announced Monday. That's the Alphabet company's first foray into an international market ā and a left-handed one. Local taxi operator Nihon Kotsu and taxi app GO will be Waymo's partners in Tokyo.
Incentive or deterrent to investment?
Indonesia banned the sale of of apples iPhone 16 in October because of his law which require companies to invest or bring components from the country. The government is now suing Apple invest $1 billion in the manufacture of mobile phone components in Indonesia. However, analysts think that such tactics to attract investment in the country it can go back.
(PRO) Smaller European companies too
Companies with small and medium capital in the United States have been attracting attention - and inflows - in recent weeks, thanks to Trump's apparent focus on the domestic economy. Across the Atlantic, European companies of that size they are also likely to outperform their larger counterparts in the coming month, according to Deutsche Bank strategists.
The bottom line
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 ā you lose if your friend wins ā 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.
ā CNBC's Ari Levy, Samantha Subin, Brian Evans and Jess Pound contributed to this report.