|Bid||144.36 x 800|
|Ask||144.40 x 900|
|Day's range||143.92 - 150.63|
|52-week range||143.92 - 346.47|
|Beta (5Y monthly)||1.59|
|PE ratio (TTM)||38.95|
|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?