NVDA Stock Price: Nvidia closes the day flat after rollercoaster session
Premium|Take advantage of 50% OFF on your first month.
50% OFF and access to ALL our articles and insights.
You have reached your limit of 5 free articles for this month.
Take advantage of the Special Price just for today!
50% OFF and access to ALL our articles and insights.
Subscribe to Premium- NASDAQ:NVDA fell by 0.01% during Monday’s tumultuous session.
- Semiconductor investors are still digesting Intel’s major announcement.
- The chip market heats up as Intel has some fighting words for AMD.
NASDAQ:NVDA narrowly missed closing the session positive on Monday after a volatile morning provided one of the largest single-day swings in recent memory. Shares of NVDA fell by 0.01% and closed the trading day at $233.72. This brings NVIDIA’s losing streak to five consecutive sessions, as even the previously red-hot semiconductor sector has succumbed to Wall Street’s recent tech sell off. The broader markets took investors for a ride on Monday as all three major indices opened the day deep in the red, but managed to hit green by the closing bell. The NASDAQ was down by nearly 5.0% in the morning, but managed to rally into the close and finish 0.63% higher.
Stay up to speed with hot stocks' news!
Semiconductor stocks were mostly lower on Monday, but like the rest of the markets, staged a late day rally that erased most of the losses from earlier in the day. Intel (NASDAQ:INTC), AMD (NASDAQ:AMD), and Marvell Technologies (NASDAQ:MRVL) were all in the red, while Broadcom (NASDAQ:AVGO) managed to eke out a small gain. Semiconductor stock investors are still digesting the news dropped by Intel on Friday, that will see the chip giant spend upwards of $20 billion to build two new state of the art chip factories near Columbus, Ohio.
NVIDIA stock forecast
Perhaps Intel is feeling some confidence from its major announcement on Friday, as CEO Pat Gelsinger stated on Monday that the company has already overtaken rival AMD, thanks to its Alder Lake CPUs. When investors see this type of confidence from a CEO, it usually leads to good things for the stock. While Gelsinger didn’t directly mention NVIDIA, he must also be feeling good that Intel’s stock has more or less weathered the recent tech sell off, while shares of NVIDIA and AMD are both down 22% year to date.
Like this article? Help us with some feedback by answering this survey:
- NASDAQ:NVDA fell by 0.01% during Monday’s tumultuous session.
- Semiconductor investors are still digesting Intel’s major announcement.
- The chip market heats up as Intel has some fighting words for AMD.
NASDAQ:NVDA narrowly missed closing the session positive on Monday after a volatile morning provided one of the largest single-day swings in recent memory. Shares of NVDA fell by 0.01% and closed the trading day at $233.72. This brings NVIDIA’s losing streak to five consecutive sessions, as even the previously red-hot semiconductor sector has succumbed to Wall Street’s recent tech sell off. The broader markets took investors for a ride on Monday as all three major indices opened the day deep in the red, but managed to hit green by the closing bell. The NASDAQ was down by nearly 5.0% in the morning, but managed to rally into the close and finish 0.63% higher.
Stay up to speed with hot stocks' news!
Semiconductor stocks were mostly lower on Monday, but like the rest of the markets, staged a late day rally that erased most of the losses from earlier in the day. Intel (NASDAQ:INTC), AMD (NASDAQ:AMD), and Marvell Technologies (NASDAQ:MRVL) were all in the red, while Broadcom (NASDAQ:AVGO) managed to eke out a small gain. Semiconductor stock investors are still digesting the news dropped by Intel on Friday, that will see the chip giant spend upwards of $20 billion to build two new state of the art chip factories near Columbus, Ohio.
NVIDIA stock forecast
Perhaps Intel is feeling some confidence from its major announcement on Friday, as CEO Pat Gelsinger stated on Monday that the company has already overtaken rival AMD, thanks to its Alder Lake CPUs. When investors see this type of confidence from a CEO, it usually leads to good things for the stock. While Gelsinger didn’t directly mention NVIDIA, he must also be feeling good that Intel’s stock has more or less weathered the recent tech sell off, while shares of NVIDIA and AMD are both down 22% year to date.
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.