Seesawing semiconductor stock Nvidia (NASDAQ: NVDA) moved lower ahead of its expected Wednesday-evening earnings report, falling 2.1% through 10:55 a.m. ET on Monday (although it's back in the green now at midday). Two separate analysts lowered their price targets for Nvidia ahead of the report, with UBS cutting the shares to $280 and Bernstein predicting a $225 target price. Both analysts pointed to worries about falling demand for GPUs in the gaming segment as the reason for their cuts, reports TheFly.com, although UBS said demand probably won't "fall off ... quite yet" -- referring to Nvidia's Q1 results. Read More...
Motley Fool
Why Nio Stock Is Falling Today
Nio investors are worried that if XPeng is continuing to feel the pinch from strict COVID regulations in China, then Nio will, too. Both Nio and XPeng are based in China, and the Chinese government has a strict “zero-COVID” policy that requires companies, production facilities, and even cities to shut down when coronavirus cases are detected. The policy has wreaked havoc on many areas of the Chinese economy and caused massive vehicle production headaches for Nio, XPeng, Tesla, and other companies making vehicles in the country.
