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