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Why Nvidia Stock Is Falling Today

TheMotleyFool

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Why Nvidia Stock Is Falling 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 Nvidia (NASDAQ: NVDA) were sliding today on no company-specific news. Instead, investors are likely processing comments about supply chain issues in the chip market that Intel's (NASDAQ: INTC) management mentioned on the company's conference call yesterday.

The tech stock was down by 1.9% as of 11:42 a.m. ET.

Intel beat Wall Street's expectations for both the top- and bottom-line estimates in the first quarter, but the company's CEO, Pat Gelsinger, highlighted some persistent problems in the semiconductor space that Nvidia investors latched on to.

Source Fool.com

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