Why Shares of Nvidia Are Sinking Today
After a face-melting rally yesterday that saw shares of Nvidia (NASDAQ: NVDA) surge over 15%, shares once again found the red today, trading about 5% lower as of 10:22 a.m. ET. Analysts at Morgan Stanley issued a new research report on the company this morning, while the broader market gave back some of its gains, with the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) down over 3%.
Although the 90-day pause from Trump yesterday removes what many investors viewed as a worst-case scenario, analysts at Morgan Stanley said, "This is not over." While company-specific risks to Nvidia are "fairly minimal" because the company is still experiencing strong near-term demand, macro risks remain, because base 10% tariffs are still in effect and the "challenges imposed by tariffs are still daunting."
Source Fool.com
