Why NVIDIA's Stock Is Plunging Today
Shares of NVIDIA Corporation (NASDAQ: NVDA) are falling today as investors continue to sell off some of their stock following the market's rapid rise over the past few months.
NVIDIA's stock was down by as much as 10.1% during this morning's trading. As of 11:37 a.m. EDT, the company's stock had fallen 7.1%.
The broader stock market began falling yesterday as investors reversed course and sold off shares. Up until yesterday, the S&P 500 had gained 9% since the beginning of this year, mainly led by investors buying up tech stocks. But investors are now taking some the gains they've made this year and are selling their shares. As a result, the S&P 500 fell 3.5% yesterday.
Source Fool.com
