Nvidia NVDA shares fell as much as 3.5% to an intraday low of $140.96, and were last down 2.5%. In comparison, the S&P 500 index SPX was off 0.7%, and both the tech-heavy Nasdaq Composite Index COMP and PHLX Semiconductor Index SOX were down 1%.
Nvidia NVDA shares fell as much as 3.5% to an intraday low of $140.96, and were last down 2.5%. In comparison, the S&P 500 index SPX was off 0.7%, and both the tech-heavy Nasdaq Composite Index COMP and PHLX Semiconductor Index SOX were down 1%. Read: ‘Fundamental bottom’ is coming for chips, and this stock could be the biggest winner, analyst says
For instance, new cards from Nvidia went on sale Oct. 12, and the mid-tier $1,200-listed RTX 4080 cards, which had been released just before earnings, and sold out quickly.Nvidia also announced it was partnering with Hon Hai Technology Group 2317 , or Foxconn, which is usually associated as the maker of Apple Inc.’s AAPL iPhone manufacturer, to make electronic control units based on Nvidia’s Drive Orin system on a chip, and to make electric vehicles that use Drive chips and sensors.
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