Good evening and welcome to Markets Desk.
Nvidia is having a rough stretch, and Jim Cramer is weighing in. Shares have shed roughly twenty-two percent over the past month, closing Wednesday at one hundred eighty-six dollars and twenty-four cents, down nearly seven percent on the session. The broader chip sector moved with it — AMD off more than seventeen percent, Broadcom down more than ten. Cramer is signaling to investors that the selloff may be creating an entry point, though the volatility in semiconductors right now is not for the faint of heart.
Shifting to housing, the affordability crisis has now reached the entry level of the market in a serious way. A record two hundred forty-two American cities now have starter home prices at or above one million dollars, with the Northeast emerging as the fastest-growing region for that threshold. The typical first-time buyer age has climbed to a record forty years old — a generation that did everything right and still finds the door largely closed.
And on the corporate side, Tripadvisor has closed the sale of its restaurant platform TheFork for six hundred eighty-five million dollars in net cash. That's a meaningful divestiture for a company recalibrating its long-term focus, and investors will be watching closely how that capital gets redeployed.
That's the tape. Markets Desk, signing off the floor.
