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Why Nvidia Stock Sank Today

TheMotleyFool

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Why Nvidia Stock Sank TodayPhoto, wide shot, wide-angle lens, Cloud computing provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/893880f6-c6d9-4518-b1a0-f0be05207ac4.png

Despite beating earnings last night, computer memory maker Micron Technology (NASDAQ: MU) released weak guidance for the coming quarter -- earnings as much as 45% below what Wall Street is expecting. That news sent Micron shares plummeting 6% and spaked a series of downgrades and price target reductions on Wall Street.

It's sinking Nvidia (NASDAQ: NVDA) stock today as well. As of 11:30 a.m. ET, shares of this Micron peer and semiconductor leader are down 3.3%.

What was it that Micron said that's spooking investors in Nvidia?

Source Fool.com

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