Reported 2 months ago
Nvidia's stock fell by 4% on Friday, contributing to a broader decline in the chip sector, where Intel saw a staggering 27% drop. This downturn followed a disappointing jobs report, pushing the Nasdaq into correction territory. Intel's weak quarterly results and significant cost-cutting measures, alongside cautionary forecasts from other chipmakers and a potential Justice Department probe into Nvidia, have added to the negative sentiment in the market.
Source: YAHOO