We've been of the belief for some time that the markets are pricing in a recession; perhaps now they're pricing in a disappointing earnings season, as well?
Shares of semiconductor pioneer Nvidia (NASDAQ: NVDA) were down 4.4% today as of 12:15 p.m. ET. There was no specific news from Nvidia that caused the tumble, but rather ongoing worry that slumping GPU prices could bring down the company's gaming segment. For the sake of comparison, the Nasdaq Composite Index was down almost 2% on Tuesday.