Nvidia Dropped to $100 in the Market Sell-Off: Buy, Sell, or Hold?
Monday was a brutal day for stocks, as a global sell-off drove the S 500 and the Dow Jones Industrial Average to their worst performances in almost two years. The reason for the troubles? A weaker-than-expected U.S. jobs report last week and concern about the absence of interest rate cuts have investors worried about what's ahead.
And this has weighed on many of the market's best performers this year, including star chip designer Nvidia (NASDAQ: NVDA). The stock, which soared nearly 150% in the first half of the year, slid 11% in two trading sessions, closing on Monday at about $100. It's impossible to predict whether this general market sell-off will continue or to say with 100% certainty that we've reached a bottom. But in either case, the question is: Should you buy, sell, or hold Nvidia right now? Let's find out.
Image source: Getty Images.
Source Fool.com
