Nvidia Tumbles Amid Tech Weakness, Bloom Energy Rises on Pelosi Purchase

Nvidia stock declined by 2.91% on Monday, closing at $208.48 ahead of its August 26 earnings report. The decline came as broader weakness in technology stocks weighed on the chipmaker.

Analysts remain bullish on Nvidia's prospects, with Cantor Fitzgerald forecasting significant long-term growth from the company's expansion beyond GPUs and JPMorgan expecting another earnings beat and raised guidance.

Bloom Energy stock rose by 1.28% to $204.02 after Rep. Nancy Pelosi disclosed purchasing shares worth between $4.25 million and $14.5 million. The stock has gained 316.35% over the past year but is consolidating after a June peak, trading below its 20-day and 50-day moving averages.

SanDisk's stock fell by 6.45%, closing at $1,493.12 as investors pulled back from higher-beta technology stocks. The stock remains in a longer-term uptrend, trading well above its 200-day moving average, while analysts maintained a bullish-to-neutral outlook with an average price target of $2,213.71.

Expion's stock skyrocketed by 80.49% to $6.20 after the company announced a strategic expansion into upstream energy, acquiring an oil and gas exploration prospect in Eastern Louisiana for $3.425 million.

Visa's stock climbed by 3.06%, closing at $382.41 after a financial disclosure revealed that President Donald Trump's investment accounts purchased millions of dollars worth of Visa stock in June 2026.