What’s Going On With Nvidia Stock Tuesday?

Nvidia Corp (NASDAQ: NVDA) is trading lower Tuesday in line with the broader indexes Invesco QQQ Trust, Series 1 (NASDAQ: QQQ), and SPDR S&P 500 (NYSE: SPY). A lot is happening in the semiconductor space, including British chip designer Arm Ltd eyeing a valuation of $50 billion – $54 billion for its U.S. IPO, China launching its war chest against U.S. semiconductor sanctions, and Nvidia CEO Jensen Huang’s meeting with Indian Prime Minister Narendra Modi. Softbank Group Corp (OTC: SFTBF) (SFTBY) backed chip designer targeted a share price bracket of $47 – $51, depending on the market appetite. …

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