Reported about 1 month ago
Nvidia's stock (NVDA) experienced a 4% decline amidst a broader sell-off in the semiconductor sector during the first week of September. Following a jobs report that indicated a decline in unemployment, analysts speculated that the Federal Reserve might cut rates by 25 basis points, impacting tech stocks negatively. Nvidia, which had previously demonstrated strong growth, has seen its shares drop about 13% over four trading sessions, while other chip stocks like Broadcom and ASML also faced significant losses.
Source: YAHOO