Why Nvidia Stock Is Falling

NVIDIA Corporation NVDA shares are trading lower by 4.91% to $171.63 Friday afternoon. Shares of semiconductor and chip companies at large are trading lower in sympathy with Seagate Technology Holdings PLC STX, which reported worse-than-expected fourth-quarter results and issued weak first-quarter guidance. Weakness in Seagate has dimmed earnings sentiment for the broader semi space. 

Seagate reported earnings per share of $1.59, missing the consensus estimate of $1.92. Revenue of $2.63 billion also missed analyst expectations of $2.78 billion…Read More

See Also: This Top Chipmaker Has A Better 5-Year Return Than Amazon, Apple, Nvidia, Microsoft, Ford, Wells Fargo And Starbucks

Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms.

According to data from Benzinga Pro, Nvidia has a 52-week high of $346.47 and a 52-week low of $140.55.

Image and article originally from www.benzinga.com. Read the original article here.