Why Nvidia Stock Fell Nearly 7% Today
Shares of Nvidia (NASDAQ: NVDA) were down 6.5% today as of noon ET. The sharp move down is in tandem with widespread pain in the stock market. The Nasdaq Composite Index was down 3.1%.
Another wave of selling followed the Federal Reserve's decision to raise interest rates by 0.5% last week. The Fed is attempting to cool off inflation, but fears are rising that the central bank is playing catch-up and its aggressive rate hikes could cause a recession.
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Source Fool.com
