Advertisement
New Zealand markets close in 4 hours 32 minutes
  • NZX 50

    11,789.65
    -85.70 (-0.72%)
     
  • NZD/USD

    0.5911
    -0.0009 (-0.15%)
     
  • NZD/EUR

    0.5538
    -0.0004 (-0.08%)
     
  • ALL ORDS

    7,888.00
    +27.00 (+0.34%)
     
  • ASX 200

    7,632.40
    +26.80 (+0.35%)
     
  • OIL

    82.77
    +0.08 (+0.10%)
     
  • GOLD

    2,382.60
    -5.80 (-0.24%)
     
  • NASDAQ

    17,493.62
    -220.04 (-1.24%)
     
  • FTSE

    7,847.99
    +27.63 (+0.35%)
     
  • Dow Jones

    37,753.31
    -45.66 (-0.12%)
     
  • DAX

    17,770.02
    +3.79 (+0.02%)
     
  • Hang Seng

    16,251.84
    +2.87 (+0.02%)
     
  • NIKKEI 225

    37,738.73
    -223.07 (-0.59%)
     
  • NZD/JPY

    91.1910
    -0.0970 (-0.11%)
     

Why Nvidia Stock Just Crashed 6.6%

Why Nvidia Stock Just Crashed 6.6%

Once again, semiconductor stock Nvidia (NASDAQ: NVDA) is leading tech stocks lower as its shares had slumped 6.6% by 10:25 a.m. ET today. The most obvious answer is that investors are favoring "cheap" semiconductor stock Intel (NASDAQ: INTC) over "expensive" semiconductor stock Nvidia today, especially because Intel had some good news to report last week. On Friday, Intel announced that it has chosen to locate two new chip factories near Columbus, Ohio, picking the city from a field of 40 locations that had competed for the investment.