Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • AUD/USD

    0.6495
    +0.0006 (+0.10%)
     
  • OIL

    82.92
    -0.44 (-0.53%)
     
  • GOLD

    2,343.00
    +0.90 (+0.04%)
     
  • Bitcoin AUD

    100,252.56
    -2,584.05 (-2.51%)
     
  • CMC Crypto 200

    1,407.42
    -16.68 (-1.17%)
     
  • AUD/EUR

    0.6074
    +0.0017 (+0.29%)
     
  • AUD/NZD

    1.0954
    +0.0023 (+0.21%)
     
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NASDAQ

    17,529.12
    +57.65 (+0.33%)
     
  • FTSE

    8,043.42
    -1.39 (-0.02%)
     
  • Dow Jones

    38,385.08
    -118.61 (-0.31%)
     
  • DAX

    18,084.14
    -53.51 (-0.30%)
     
  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

Why Nvidia Stock Slumped on Wednesday

Shares of Nvidia (NASDAQ: NVDA) traded lower on Wednesday, falling as much as 5.1%. The catalyst that sent the chipmaker lower today was bearish commentary by a Wall Street analyst that could signal additional declines for the sector. Bank of America analyst Vivek Arya lowered his price target on Nvidia to $220, down from $270, while maintaining his buy rating on the stock, according to The Fly.