The market has gone into overdrive in 2024. Technology stocks especially so. After posting a 55% total return in 2023, the Nasdaq-100 index followed up with 27.5% total returns so far in 2024 (as of this writing).

Nvidia (NASDAQ:NVDA) stock found itself in a mini-slump in recent weeks, falling into correction, even as other tech stocks experience their so-called "Nvidia moments." Though Nvidia could be a relative laggard for a few more weeks or even months as investors digest the recent Fed meeting,

US stocks climbed on Monday, with chip stocks leading the tech sector higher while investors eyed a possible year-end rally. All three benchmark indexes ended the trading session in the green, with the tech-heavy Nasdaq Composite rising nearly 1%.

With the Nasdaq 100 recently soaring above the 20,000 mark, it may come as a bit of a surprise to learn that Nvidia (NASDAQ:NVDA) stock is flirting with correction territory. After falling more than 2% on Friday after sitting out most of the past month of the hot tech sector rally,

Shares of NVIDIA Corp. NVDA advanced 3.69% to $139.67 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.73% to 5,974.07 and the Dow Jones Industrial Average DJIA rising 0.