After a horrible day on Wall Street, after-hours news from the e-commerce giant has investors feeling more optimistic. Read More...
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Why Nvidia Stock Dropped Again on Thursday
It’s Thursday, the Nasdaq Composite Index is plummeting — now down 2.7% — and it’s taking the stock of Nvidia (NASDAQ: NVDA) along for the slide. Shares of the semiconductor giant were down 3.6% as of 1:10 p.m. ET today. In a note out earlier this week, analysts at TheStreet.com reported that the semiconductor sector is in a slump despite a tight supply of microchips globally, with manufacturers having just five days’ supply of chips on hand (versus closer to 40 days’ worth as recently as 2019).
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