Why Nvidia Stock Is Sinking Again Today
Nvidia (NASDAQ: NVDA) stock is falling in Wednesday's trading. The company's share price was down 5.5% of 2:45 p.m. ET, according to data from S&P Global Market Intelligence. Meanwhile, the S 500 index had fallen 2.2% and the Nasdaq Composite was down 3.3%.
Nvidia stock is losing ground in conjunction with recent earnings reports from two of the world's biggest and most influential companies. and Tesla each issued second-quarter results and guidance yesterday, and the reports kicked off a substantial pullback across the stock market.
Earnings season is underway, and Alphabet and Tesla were the first members of the "Magnificent Seven" to report earnings. The group, which also includes Nvidia, Apple, Microsoft, Amazon, and Meta Platforms, is highly influential when it comes to shaping overall stock market sentiment. Unfortunately, Wall Street wasn't impressed with either of yesterday's most high-profile quarterly reports.
Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 167 € there is a slightly positive potential of 7.69% for Alphabet Inc. C compared to the current price of 155.08 €.
