Why NVIDIA Stock Fell Sharply on Tuesday
Shares of graphics-chip maker NVIDIA (NASDAQ: NVDA) traded as much as 7.4% lower on Tuesday. As of about 3:25 p.m. EST, the stock was down by 5.8%.
That decline came as many tech stocks were pulling back sharply. Growth stocks like NVIDIA are getting hit particularly hard, extending a sell-off that began Monday after news broke of strong interim results from a phase 3 COVID-19 vaccine trial. Broadly speaking, tech sector stocks have benefited amid the stay-at-home environment necessitated by the pandemic.
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Source Fool.com