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Why Nvidia Stock Moved Lower on Monday

TheMotleyFool

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Why Nvidia Stock Moved Lower on MondayPhoto, 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

Seesawing semiconductor stock Nvidia (NASDAQ: NVDA) moved lower ahead of its expected Wednesday-evening earnings report, falling 2.1% through 10:55 a.m. ET on Monday (although it's back in the green now at midday).

Two separate analysts lowered their price targets for Nvidia ahead of the report, with UBS cutting the shares to $280 and Bernstein predicting a $225 target price.

Image source: Getty Images.

Source Fool.com

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