And when I say, “quietly,” I’m not exaggerating. Specifically, Nvidia quietly introduced its budget-priced GTX 1630 graphics card yesterday. And as it turns out, there’s something less-than-inspiring happening with Nvidia lately. Inquiring minds, however, will always endeavor to dig beneath the surface. Why, then, would NVDA stock lose roughly 3% of its value right out of the gate? At first glance, there didn’t seem to be any negative company-specific news today. So, it’s not as if traders were dumping tech stocks wholesale. After all, the Nasdaq was barely down this morning. However, this alone shouldn’t fully account for today’s immediate drop in the Nvidia share price. Sure, there’s been a tech-stock rout in 2022’s first half. However, a deeper dive will uncover less-than-stellar reviews of GeForce GTX 1630, Nvidia’s new low-cost graphics card. Indeed, NVDA stock is down about 4% at the time of writing. Seemingly without any company-specific news to justify it, traders dumped Nvidia (NASDAQ: NVDA) stock this morning.
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