Motley Fool

Why Nvidia Stock Dropped Again Today

Shares of semiconductor manufacturer Nvidia (NASDAQ: NVDA) dropped 4.3% as of 11:30 a.m. EDT on Tuesday — and sure, most stocks on the stock market are down today. As Game Rant reports, “While graphics cards have become near impossible to acquire during the pandemic” (depriving Nvidia of revenue and profits it might otherwise have earned were it able to satisfy all the demand that is out there), its rival Intel (NASDAQ: INTC) “has largely kept its cutting-edge CPUs in supply.” If that’s the case, and if it’s a trend that continues, then there would appear to be a chance that Intel will gain back market share that it might have lost to Nvidia during the pandemic.


Please enter your comment!
Please enter your name here