Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Nvidia Stock Is Falling Today

TheMotleyFool

0 0

Shares of Nvidia (NASDAQ: NVDA) were sliding this morning after Credit Suisse analyst John Pitzer reiterated his outperform rating for Nvidia's stock and said that he's concerned about near-term volatility from the stock because of a slowdown in the cryptocurrency market.

The tech stock was down by as much as 3.6% today and was down by 2.4% as of 11:45 a.m. EDT.

Investors weren't happy to hear that Pitzer thinks that a slowdown in crypto could affect Nvidia in the short term. But it's worth pointing out that Pitzer is bullish on Nvidia over the long term because of the company's AI enterprise and its automotive opportunities.

Source Fool.com

Like: 0

NVDA

Share