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Nvidia Stock Is Crashing, and That's Great News for Growth Investors

Harsh Chauhan, The Motley Fool
·4-min read
Nvidia Stock Is Crashing, and That's Great News for Growth Investors

Ever since Nvidia (NASDAQ: NVDA) released strong earnings results for the third quarter of fiscal 2022 on Nov. 17, 2021, the stock has been going downhill, due to a variety of factors out of the company's control. Shares of the graphics card specialist are down 30% since its Q3 report as the strong probability of interest rate hikes by the Federal Reserve and the crash in cryptocurrencies has weighed on investor sentiment. After all, interest rate hikes are bad news for richly valued companies such as Nvidia as rising U.S. Treasury yields mean that investors can get more returns by shifting their money to safer assets.

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