Shares of GPU leader Nvidia (NASDAQ: NVDA) fell as much as 5% on Monday, before recovering to a 3.7% decline at the end of trading.
At first glance, there doesn't appear to be any particular news that would have driven Nvidia lower. The Nasdaq Composite is down today more than the broader market, and Nvidia is certainly a large component of that; however, Nvidia shares are down by much more than the index.
In the absence of news, the extended sell-off could be attributed to a prominent valuation professor publishing a long blog post last Friday, in which he concludes Nvidia is only worth about $240 per share, or about 60% of its current value.
Source Fool.com