The Curious Reason That Nvidia Stock Keeps Dropping

By Neil Rozenbaum – Jun 30, 2022 at 10:00AM

NASDAQ: NVDA

Nvidia

Market Cap

$2,066B

Today's Change

(3.71%) $29.55

Current Price

$826.32

Price as of April 25, 2024, 4:00 p.m. ET

This downturn appears to be the perfect opportunity for long-term investors.

In this video, I will talk about why Nvidia (NVDA 3.71%) keeps dropping and see whether it is company-specific news or a broader semiconductor issue. AMD (AMD 1.33%) has also shown some weakness recently, but Qualcomm (QCOM -0.20%) is actually up on good news.

Fears of history repeating itself for Nvidia and its gaming segment might be one of the reasons the stock is down.
Last quarter, Nvidia said that it expects to take a $500 million hit in Q2 because of Chinese lockdowns and the termination of selling to Russia, which represented 2% of the company's revenue.
TSMC will hike the prices of certain chips by 6% in 2023.
A hacker group has claimed to have more than 450GB of data from AMD.

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*Stock prices used were the closing prices of June 29, 2022. The video was published on June 30, 2022.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, Qualcomm, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.