Nvidia back on top, Netflix hits a new high, and Trump Media stock free-falls: Markets news roundup

Trump Media & Technology Group stock hit another post-merger low on Tuesday, extending its decline for a second consecutive day of all-time lows.

The company behind former President Donald Trump’s social media network Truth Social saw the value of its shares fall as much as 4% Tuesday to a new low of $21.33. In less than five months, Trump Media’s shares have plunged roughly 63%, giving the company a market capitalization of $4.29 billion.

The Netflix logo is seen at the Netflix Tudum Theater in Los Angeles, California, on September 14, 2022.

Image: Patrick T. Fallon (Getty Images)

Netflix (NFLX) stock hit an all-time high Tuesday morning after the streaming pioneer reported that its foray in to advertising continues to be a big success.

Nvidia stock has been on another hot streak ahead of its latest earnings report.

Shares of the AI chipmaker have soared nearly 30% in the last two weeks, giving the firm a roughly $750 billion boost to its market capitalization. That’s also helped lift the tech-heavy Nasdaq up more than 7% from its Aug. 5 low.

Shares of Trump Media & Technology Group, the company behind former President Donald Trump’s Truth Social, hit a new post-merger low on Monday as the Democratic National Convention kicks off in Chicago.

The Dow Jones Industrial Average (DJIA) surged almost 300 points on Friday afternoon after Federal Reserve Chair Jerome Powell signaled that interest rate cuts might happen soon. Speaking at the annual Jackson Hole Economic Symposium in Wyoming, Powell hinted at potential rate cuts but didn’t offer specific details on the timing or magnitude.

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