The article discusses the stock market’s performance, with a focus on Nvidia’s stock selloff and concerns over inflation. Key points include: Nvidia’s stock price dropped by over 3% as investors remained cautious about the company’s growth prospects amid a potential slowdown in AI demand. The broader market also declined, with the S&P 500 and Nasdaq Composite indices falling due to persistent inflation worries. The Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, rose 4.7% year-over-year in April, slightly higher than expected. Amazon’s stock price also fell after the company announced job cuts and a slowdown in its warehouse expansion plans. The article highlights the ongoing impact of inflation on consumer spending and corporate earnings, contributing to market volatility.
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