Why Nvidia Stock Dropped Again Today
Shares of semiconductor manufacturer Nvidia (NASDAQ: NVDA) dropped 4.3% as of 11:30 a.m. EDT on Tuesday -- and sure, most stocks on the stock market are down today. (The whole S&P 500 is off 1.8%.) But in the case of Nvidia in particular, there may be a good reason why investors are nervous.
The company is a supplier of chips for everything from mining cryptocurrency to performing artificial intelligence tasks to playing video games. It's that last field of business that may be worrying investors today. As Game Rant reports, "While graphics cards have become near impossible to acquire during the pandemic" (depriving Nvidia of revenue and profits it might otherwise have earned were it able to satisfy all the demand that is out there), its rival Intel (NASDAQ: INTC) "has largely kept its cutting-edge CPUs in supply."
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Source Fool.com
