Why Nvidia Stock Is Falling Today?

Published by

Nvidia Corp (NASDAQ: NVDA) stock is trading lower amid rising Treasury yields, which have pressured growth sectors. The stock is part of major ETFs like Invesco QQQ Trust, Series 1 (NASDAQ: QQQ), and SPDR S&P 500 (NASDAQ: SPY). Other factors that impact the stock are the geopolitical tensions between the U.S. and China continue to intensify. The Chinese government has banned its officials from using Apple Inc’s (NASDAQ: AAPL)iPhones and other foreign-branded devices at work in retaliation against U.S. semiconductor sanctions. China accounts for 19% of Apple’s overall revenue. Meanwhile, Nvidia…

Read More

See also  Stocks Finish Higher on Strength in Bank Stocks and Lower Bond Yields

Leave a Reply