Why Nvidia Stock Is Plummeting Again Today
Nvidia (NASDAQ: NVDA) stock is getting hit with another day of big sell-offs Friday. The company's share price was down 4.5% as of 1:15 p.m. ET, according to data from S&P Global Market Intelligence.
Nvidia stock is losing ground in conjunction with an underwhelming jobs published by the U.S. Labor Department today. Recent news about an investigation into the company by the Department of Justice (DoJ) on antitrust grounds is also playing a role in the pullback.
Starting in 2022, the Federal Reserve began an aggressive campaign of interest rate increases designed to combat roaring inflation. The U.S. central banking authority had sought to engineer an economic soft landing that would slow currency devaluation while also avoiding a recession.
Source Fool.com
