Nvidia Stock Keeps Heading Lower. Is It Time to Buy?
Nvidia (NASDAQ: NVDA) shares fell on Monday as the artificial intelligence (AI) chip leader continues to show sensitivity to the broader market pullback.Semiconductor stocks like Nvidia are known for being cyclical, so it's understandable that the stock would fall on the general stock market concerns, which include weakening consumer sentiment, stubborn inflation, intensifying tariffs, and other issues. The news today that seemed to drive the market down was President Trump's reaffirming of "Liberation Day" or a new round of reciprocal tariffs that are set to go into effect on Wednesday.As a result, Nvidia stock was down 2.1% as of 2:58 p.m. ET, after falling as much as 5.5% earlier in the session.Continue reading
Nvidia (NASDAQ: NVDA) shares fell on Monday as the artificial intelligence (AI) chip leader continues to show sensitivity to the broader market pullback.
Semiconductor stocks like Nvidia are known for being cyclical, so it's understandable that the stock would fall on the general stock market concerns, which include weakening consumer sentiment, stubborn inflation, intensifying tariffs, and other issues. The news today that seemed to drive the market down was President Trump's reaffirming of "Liberation Day" or a new round of reciprocal tariffs that are set to go into effect on Wednesday.
As a result, Nvidia stock was down 2.1% as of 2:58 p.m. ET, after falling as much as 5.5% earlier in the session.
