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Nvidia Stock Is Pulling Back Today. Here's Why Investors Are Nervous.
Something is spooking Nvidia (NASDAQ: NVDA) investors today. Shares dropped almost 5% in early trading and were still lower by 2.7% as of 1:10 p.m. ET.It's actually more than one thing putting pressure on Nvidia shares. First, investors got a business update from server manufacturer Super Micro Computer last night, where the artificial intelligence (AI) player slashed its guidance. Then one Wall Street analyst piled on the fear with a "sell" recommendation on Nvidia. That was based on some of the same concerns impacting Super Micro's business.Super Micro preannounced its fiscal 2025 third-quarter results for the period ended March 31. It cut its quarterly revenue estimate by nearly $1 billion to about $4.55 billion. The maker of AI servers and cooling systems said some customers delayed investment decisions and expects those sales to move to the current quarter.Continue reading
Something is spooking Nvidia (NASDAQ: NVDA) investors today. Shares dropped almost 5% in early trading and were still lower by 2.7% as of 1:10 p.m. ET.
It's actually more than one thing putting pressure on Nvidia shares. First, investors got a business update from server manufacturer Super Micro Computer last night, where the artificial intelligence (AI) player slashed its guidance. Then one Wall Street analyst piled on the fear with a "sell" recommendation on Nvidia. That was based on some of the same concerns impacting Super Micro's business.
Super Micro preannounced its fiscal 2025 third-quarter results for the period ended March 31. It cut its quarterly revenue estimate by nearly $1 billion to about $4.55 billion. The maker of AI servers and cooling systems said some customers delayed investment decisions and expects those sales to move to the current quarter.
