NVIDIA Is Down By 5%, Here Is Why
- Date: 12-Apr-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
NVIDIA Is Down By 5%, Here Is Why
Baird downgraded NVIDIA due to slowing demand and order cancellations.
This is not the first downgrade in the industry, and the recent evidence suggests that demand weaker than previously expected.
NVIDIA remains a richly valued stock, which may present a problem if Treasury yields keep moving higher.