Why NVIDIA Stock Dropped Nearly 7% on Wednesday
Shares of graphics-chip maker NVIDIA (NASDAQ: NVDA) declined 6.8% on Wednesday. For context, the S&P 500 was essentially flat, edging down just 0.04%.
We can probably attribute NVIDIA stock's drop to two factors. First, tech stocks in general were down on Wednesday, as some investors rotate to other sectors. For instance, shares of Amazon.com and Facebook fell 2.7% and 4%, respectively.
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Source: Fool.com
NVIDIA Corp. Stock
€105.76
2.160%
Currently there is a rather positive sentiment for NVIDIA Corp. with 192 Buy predictions and 9 Sell predictions.
As a result the target price of 110 € shows a slightly positive potential of 4.01% compared to the current price of 105.76 € for NVIDIA Corp..
