NVDA falls 13% for the week
26d ago in General discussion
NVDA falls 13% for the week
Nvidia shares fell 10% on Friday, the worst day for the chipmaker since March 2020, when the company's value was one-twelfth of its current $1.9 trillion market cap.
The stock plunge wasn't tied to any news out of Nvidia. But Super Micro Computer, one of the vendors that build Nvidia-based servers, saw shares drop 23% Friday after the company broke from its recent pattern of providing preliminary results, and announced it would report earnings later this month.
My guess is that it will rebound soon and I would expect a strong earnings coming up.
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