Nvidia (NVDA) Stock Slides as Chip Selloff Gains Pace

TLDR Nvidia stock declined in Thursday premarket trading as investors sold semiconductor shares following the US midterm elections. Micron and the SOXX semiconductor fund also declined, while analysts offered different forecasts for technology stocks. Nvidia traded below its 20-day, 50-day, and 200-day moving averages as selling pressure continued. Nvidia will report earnings on November 17, [...]

The post Nvidia (NVDA) Stock Slides as Chip Selloff Gains Pace appeared first on Blockonomi.