NVDA220916C00027500
| Previous close | 138.50 |
| Open | N/A |
| Bid | 270.50 |
| Ask | 279.45 |
| Strike | N/A |
| Expiry date | 2022-09-16 |
| Day's range | 138.50 - 138.50 |
| Contract range | N/A |
| Volume | |
| Open interest | 28 |
- Editor's pickYahoo Finance Video
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Why Nvidia Stock Dropped Today
After initially trading up on generalized enthusiasm or tech stocks (in the wake of yesterday's Microsoft-Activision Blizzard merger announcement), shares of semiconductor giant Nvidia (NASDAQ: NVDA) took a turn for the worse Wednesday, and are now down 2.6% as of 11:30 a.m. ET. At its current valuation of 93 times trailing earnings, Nvidia is one very pricy stock. The average valuation of stocks on the S&P 500, for example, is just 26 times earnings, meaning Nvidia shares cost more than three times the average.
