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Why Nvidia Stock Is Plunging This Week

TheMotleyFool

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Why Nvidia Stock Is Plunging This Week: https://g.foolcdn.com/editorial/images/699133/data-processing-center-microchips.jpg

Semiconductor maker Nvidia (NASDAQ: NVDA) has been a darling of Wall Street over the last several years. Shares more than doubled in 2021 alone, and have more than tripled over the last three years. But investors have soured on the stock lately, with Nvidia shares down over 14% this week as of early Friday morning, according to data provided by S&P Global Market Intelligence.

Last week the company reported its fiscal 2023 second-quarter results for the period ended July 31 -- which it had previously warned would be below expectations. Investors expected that bit of bad news, but things took a turn for the worse this week.

Image source: Getty Images.

Source Fool.com

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