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Why Nvidia Stock Just Crashed 6.6%

TheMotleyFool

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Why Nvidia Stock Just Crashed 6.6%Photo, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Well, it's looking like another miserable day for stock markets on Monday, with the Dow down 1.7% and the tech-heavy Nasdaq off 2.6%. Once again, semiconductor stock Nvidia (NASDAQ: NVDA) is leading tech stocks lower as its shares had slumped 6.6% by 10:25 a.m. ET today.

The most obvious answer is that investors are favoring "cheap" semiconductor stock Intel (NASDAQ: INTC) over "expensive" semiconductor stock Nvidia today, especially because Intel had some good news to report last week.

Image source: Getty Images.

Source Fool.com

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