Reported about 1 month ago
Nvidia's stock fell by 8% on Tuesday, reaching its lowest level since mid-August as the overall market declined on the first trading day of the month. Analysts attributed the drop to a broader market rotation into defensive sectors rather than issues specific to Nvidia. Despite strong quarterly results, investor concerns over decreased gross margins contributed to the stock's decline. However, expectations of increased production of Nvidia's new Blackwell chip in the upcoming quarters have retained bullish sentiment from analysts.
Source: YAHOO