"I think it's going to go lower." The stock's nearly 5% decline Wednesday may be tied to a supply warning from server maker Super Micro Computer, which Morgan Stanley analysts called a "key" original equipment manufacturer customer for Nvidia. "I do not think you should start to buy Nvidia right here, right now," Jim said Thursday. NVDA YTD mountain Nvidia YTD performance Nvidia's stock chart may get worse before it gets better. The annual September new product launch also is right around the corner. Apple shares are still up a robust 37% for the year. The "own it, don't trade it" mantra is built for moments like this, giving us an intellectual foundation to keep our eyes on focused on Apple's bright multiyear prospects and not minor quarter-to-quarter fluctuations. So be it, as Jim wrote earlier this week. Other investors have viewed the quarter differently. Combined with the largest base of installed devices in company history, those are more than enough reasons for us to look past weaker-than-expected Products sales. AAPL YTD mountain Apple YTD performance In our minds, the iPhone maker's results were impressive – led by a record $21.2 billion in high-margin Services revenue. Apple's June quarter, released a week ago, hasn't helped matters, with the once-$3 trillion company now valued below that level. "Apple's gotten stuck," Jim said, falling in six of the seven August trading days, as of Wednesday's close. When it does happen, though, we'll be around to see it. There are no guarantees that Apple and Nvidia - two of the largest stocks in the S & P 500 and large contributors to the index's 17% gain this year - will shake their recent malaise anytime soon. Overbought conditions in the market for much of late July suggested investors stay vigilant and prepare for a pullback. At the index level, it's not necessarily a shock to see some weakness. The recent moves in Apple and Nvidia have coincided with a roughly 2% drop in the S & P 500 so far in August, after finishing the July 31 session at 4,588.96 - its peak for the year. For the month of August, Apple and Nvidia have both lost about 9%, giving back some of their spectacular year-to-date gains. ET, before leveling off around the flat line. They popped a bit with the S & P 500 's brief move positive just before 2 p.m. Despite initially trading modestly higher Thursday morning, Apple and Nvidia shares steadily lost ground into the afternoon in lockstep with the market. SPX AAPL,NVDA 1M mountain The S & P 500's performance over the past month compared with Apple and Nvidia. "I think Apple and Nvidia are the two you have to watch," Jim said Thursday morning. Plenty of investors may be bailing on these two stellar performers. Personal Loans for 670 Credit Score or LowerĪpple (AAPL) and Nvidia (NVDA) - the Club's two "own it, don't trade it" stocks - have seen their fortunes sour somewhat in recent weeks, sliding to become among our five worst-performing holdings in August. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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