Amazon reported a first-quarter loss, the first in years, attributing the result to macro headwinds like inflation and other costs. Read More...
Motley Fool
Nvidia Is Down 37% in 2022: Is It Time to Buy?
Shares of Nvidia (NASDAQ: NVDA) are down 33.8% year to date, compared to a 19.2% drop in the tech-heavy Nasdaq Composite index. Baird analyst Tristan Gerra recently downgraded Nvidia over signs that selling prices for GPUs are starting to fall. Online retailer Newegg is currently showing discounted prices for Nvidia’s more expensive GeForce RTX GPUs, and if these lower prices reflect lower demand, that could spell lower revenue for Nvidia’s gaming segment, which provided nearly half of the company’s sales in its fiscal 2022 (which ended in January).
