Why Nvidia Stock Crashed on Monday
Shares of Nvidia (NASDAQ: NVDA) were under pressure on Monday, falling as much as 15.5%. As of 10:46 a.m. ET today, the stock was still down 7.3%.
The catalysts that sent the chipmaker lower were a combination of dismal market conditions and reports that its next-generation artificial intelligence (AI) processor might be delayed.
It's no secret that Nvidia's graphics processing units (GPUs) have been the foundation upon which the AI revolution was built. A report that emerged over the weekend suggested that the company has had a rare fumble.
Source Fool.com
