Over the last few years, Nvidia (NASDAQ: NVDA) has benefited from a combination of strong demand and skyrocketing selling prices for its graphics processing units (GPUs) designed for gaming. In early 2021, average selling prices for GPUs were about 150% to 200% above the manufacturer's suggested retail price (MSRP). Supply shortages have caused massive GPU inflation, but as supply becomes more plentiful, selling prices have been plunging over the last few months. Read More...
Motley Fool
Why CrowdStrike, Snowflake, and Datadog Plunged Today
Shares of Snowflake (NYSE: SNOW), CrowdStrike Holdings (NASDAQ: CRWD), and Datadog (NASDAQ: DDOG) all fell hard Tuesday, down 5.7%, 6.6%, and 5%, respectively, as of 12:30 p.m. ET. CrowdStrike did unveil a new innovation today, but it appears macroeconomic issues enhanced by a bad growth outlook from the International Monetary Fund (IMF) is overwhelming any company-specific news today. Lower growth wouldn’t be good for anyone, especially growth stocks.
