The Curious Reason That Nvidia Stock Keeps Dropping
In this video, I will talk about why Nvidia (NASDAQ: NVDA) keeps dropping and see whether it is company-specific news or a broader semiconductor issue. AMD (NASDAQ: AMD) has also shown some weakness recently, but Qualcomm (NASDAQ: QCOM) is actually up on good news.
- Fears of history repeating itself for Nvidia and its gaming segment might be one of the reasons the stock is down.
-
Last quarter, Nvidia said that it expects to take a $500 million hit in Q2 because of Chinese lockdowns and the termination of selling to Russia, which represented 2% of the company's revenue.
- TSMC will hike the prices of certain chips by 6% in 2023.
- A hacker group has claimed to have more than 450GB of data from AMD.
For the full insights, do watch the video, consider subscribing, and click the special offer link below.
*Stock prices used were the closing prices of June 29, 2022. The video was published on June 30, 2022.
10 stocks we like better than Nvidia
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Nvidia wasn't one of them! That's right -- they think these 10 stocks are even better buys.
*Stock Advisor returns as of June 2, 2022
Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
