Shares of Nvidia (NASDAQ: NVDA) were trading down 2.4% as of 9:35 a.m. ET on Wednesday after one analyst issued a warning about the graphic chip maker's near-term growth. Susquehanna analyst Christopher Rolland cited declining selling prices for Nvidia's graphics processing units (GPUs) designed for playing video games on a PC, which presents near-term risk to one of Nvidia's largest sources of revenue. Nvidia has benefited from soaring demand for advanced computing applications, including data center operators buying high-powered graphics chips to process large data workloads with artificial intelligence. Read More...
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Why Nvidia Stock Dropped on Monday
The stock market began giving back some of Friday’s gains on Monday, and in late-morning trading, 11:10 a.m. ET, the tech-heavy Nasdaq is down 1.1%, with semiconductor stock Nvidia (NASDAQ: NVDA) losing twice that — 2.2%. Is there a reason Nvidia is going down so much more than the rest of the tech market? Investors in general seem upset by the continuing drumbeat of bad economic news — rising inflation, rising interest rates, slowing growth in China, and a supply chain crisis that just doesn’t seem to want to end.
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