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Why Nvidia Stock Dropped Before Earnings Today

TheMotleyFool

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Why Nvidia Stock Dropped Before Earnings TodayPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of semiconductor manufacturer Nvidia (NASDAQ: NVDA) -- a supplier of chips for everything from playing video games to mining cryptocurrency, to performing artificial intelligence computations -- dropped in early trading on Tuesday, hitting a 2% decline as of 11:11 a.m. EDT.

There's no obvious bad news dragging Nvidia down today, or at least no bad news yet. But there is a second-quarter earnings report due out Wednesday evening, and chances are that today's decline in stock price is tied directly to that impending news.

Image source: Getty Images.

Source Fool.com

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