Citi analyst Tyler Radke cut his target for the stock price to $118 from $139. He warned that the company faces more difficult days. Read More...
Motley Fool
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.
