The stock market ended Thursday on a mixed note as the sell-off in major technology stocks continued. The Nasdaq slipped 0.5% to 25,359, while the S&P 500 finished little changed at 7,357.
Investor sentiment weakened after the Personal Consumption Expenditures (PCE) index—the Federal Reserve’s preferred measure of inflation—rose 4.1% year over year. This fueled concerns that the central bank may keep interest rates higher for longer or pursue additional rate hikes.
Tweet of the Day
$GEV NATURAL GAS TURBINES ARE SOLD OUT TILL 2029 👀
“All of the hyperscalers are using natural gas to power their AI data centers”
By 2030 it’s projected that one-third of AI data centers will be powered by onsite generation pic.twitter.com/ScOHjawQuL
— Small Cap Snipa (@SmallCapSnipa) June 24, 2026
Chart of the Day
Here is the one-year chart of NVIDIA (NVDA) as of May 26, 2026, when the stock was at $215.
NVIDIA continues to deliver blistering results, with profits up 98% last quarter on 85% revenue growth. Revenue growth has accelerated during the past four quarters, from 56% to 62%, 73% and now 85%. What is so amazing about this recent run is NVDA stock growth can’t seem to catch up to where it should be. David Sharek, Founder of School of Hard Stocks, thinks the stock is worth $374 and it is selling at $215 this quarter.
Meanwhile, lots of other AI stocks are skying higher, with many now overvalued. NVIDIA is still a major force in the AI space. Last quarter, NVIDIA’s Datacenter revenue jumped 92% year-over-year with help from sustained strength in its newer Blackwell architecture. Vera is its new CPU platform built for the next wave of agentic AI.
NVDA is the top holding in our Growth Portfolio and Focus List.
