-- in which its stock shed 3.6%, shares of semiconductors star Nvidia (NASDAQ: NVDA) are bouncing back Monday morning, up 2.8% as of 11 a.m. ET. The reason: I suspect investors are shrugging off last week's bad coronavirus news and focusing on some good Nvidia news that got overlooked. Specifically, I mean the news that on Friday analysts at investment bank Bank of America doubled down on their buy rating on Nvidia stock.
The global semiconductor shortage is wreaking havoc on Big Tech and the automotive industry, but chipmakers are raking in the dough
Nvidia has warned for the first time that it is at risk of losing a $1.25bn (£950m) downpayment for the British microchip designer Arm if regulators persist in holding up the deal.