Why Nvidia Stock Kept Tumbling on Friday
Nvidia (NASDAQ: NVDA) stock has more than doubled year to date. But you wouldn't know it if you just looked at the last six weeks. Nvidia shares have plunged more than 20% in that time, including another 3.4% today, as of 11:25 a.m. ET.
On the surface, today's move looks to be part of a sector rotation out of growth tech stocks and into more value-oriented and dividend names. Economic news contributing to negative investor sentiment included today's jobs report. A lower-than-expected 114,000 jobs were created in July. The unemployment rate also moved higher to 4.3%.
Source Fool.com
