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Why Nvidia Stock Is Down Today

TheMotleyFool

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Shares of Nvidia (NASDAQ: NVDA) were sliding this morning, likely based on comments an analyst made about Nvidia and as the Federal Reserve is poised to raise interest rates at its meeting today.

The tech stock was down by 3.3% as of 12:09 p.m. ET.

Late yesterday Morgan Stanley analyst Joseph Moore resumed coverage of Nvidia with an equal weight rating on the stock. And while he's optimistic about the company and has a $217 price target on Nvidia's shares, he's also concerned that the gaming market could slow down.

Source Fool.com

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