This is the first public display of the downward pressure on private company valuations that has been widely talked about in recent months. Read More...
Motley Fool
Why Nvidia Stock Dropped on Friday
Nvidia (NASDAQ: NVDA) stock was one of the strongest performers out of a group of many strong performing semiconductor stocks Thursday — and for good reason. Of course, that still leaves the question why Nvidia stock is down 2.8% as of noon ET today. The good news today is that Bank of America just released a note describing a new investing acronym for investors: “MANGO,” which appears to be short for the semiconductor stocks Marvell Technology, Advanced Micro Devices, Nvidia, GlobalFoundries, and ON Semiconductor.
