Why Nvidia Stock Is Falling Today
Shares of Nvidia (NASDAQ: NVDA) were sliding this morning after Credit Suisse analyst John Pitzer reiterated his outperform rating for Nvidia's stock and said that he's concerned about near-term volatility from the stock because of a slowdown in the cryptocurrency market.
The tech stock was down by as much as 3.6% today and was down by 2.4% as of 11:45 a.m. EDT.
Investors weren't happy to hear that Pitzer thinks that a slowdown in crypto could affect Nvidia in the short term. But it's worth pointing out that Pitzer is bullish on Nvidia over the long term because of the company's AI enterprise and its automotive opportunities.
Source Fool.com