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Why Nvidia Stock Plunged Today

TheMotleyFool

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Why Nvidia Stock Plunged TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Shares of Nvidia (NASDAQ: NVDA) were falling more than the market on Wednesday, down 4.7% as of 12:36 p.m. EDT.

Nvidia has had quite an eventful few months and had some interesting news earlier this week, when the company unveiled a new slowed-down A800 processor adapted to comply with new regulations on high-performance chip sales to China.

But there was nothing much in the way of company-specific news today. More likely, today's larger-than-average decline probably had to do with Nvidia and tech stocks generally becoming collateral damage in the massive cryptocurrency bust we are seeing on Wednesday.

Source Fool.com

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