Previous close | 151.59 |
Open | 148.99 |
Bid | 144.36 x 800 |
Ask | 144.40 x 900 |
Day's range | 143.92 - 150.63 |
52-week range | 143.92 - 346.47 |
Volume | |
Avg. volume | 57,354,861 |
Market cap | 361.913B |
Beta (5Y monthly) | 1.59 |
PE ratio (TTM) | 38.95 |
EPS (TTM) | 3.73 |
Earnings date | 16 Aug 2022 - 22 Aug 2022 |
Forward dividend & yield | 0.16 (0.11%) |
Ex-dividend date | 08 June 2022 |
1y target est | 259.34 |
Tech companies continue to hit the breaks on hiring against the backdrop of a declining stock market and recession fears.
Shares of Nvidia (NASDAQ: NVDA) plunged this week after the company's stock received a price target cut, some analysts had a few negative comments about the chip market, and investors worried that comments made from another chip company about slowing demand might mean bad news for Nvidia as well. Investors panicked a bit on all this news and sent the semiconductor stock falling 15.3% over the past week. Nvidia started off the week with Morgan Stanley warning that there could be a potential slowdown in demand for graphics processors as Ethereum, a leading blockchain and cryptocurrency, switches to a proof-of-stake model and away from its current proof-of-work setup.
Despite beating earnings last night, computer memory maker Micron Technology (NASDAQ: MU) released weak guidance for the coming quarter -- earnings as much as 45% below what Wall Street is expecting. As of 11:30 a.m. ET, shares of this Micron peer and semiconductor leader are down 3.3%. What was it that Micron said that's spooking investors in Nvidia?