Why Nvidia Stock Dropped on Friday
Shareholders of Nvidia (NASDAQ: NVDA) lost ground to the market on Friday as the stock fell 4% by 11 a.m. ET compared to a 1% drop in the S&P 500. That move added to significant short-term losses in the computing chip specialist. Shares are down nearly 40% so far in 2022.
The decline was tied to a wider drop among tech stocks, but also reflects fears about some bad news on the way in the company's upcoming earnings report.
Nvidia stock wasn't alone in Friday's drawdown. The wider Nasdaq index fell 1.8% in early trading, dragging down many of the biggest tech leaders.
Source Fool.com
