Why Nvidia Stock Was Pulling Back Today
Nvidia's (NASDAQ: NVDA) roller-coaster week continued on Thursday with shares falling amid a broad sell-off in tech stocks. The plunge came in response to weak economic data this morning and the Federal Reserve's decision not to lower interest rates yesterday.
Additionally, close collaborator Arm Holdings fell sharply after reporting earnings last night.
As of 1:28 p.m. ET, Nvidia stock was down 7%, following a 13% surge on Wednesday and another 7% slide on Tuesday. At the same time, Arm stock was down 16.9%.
Source Fool.com
