Nvidia's Stock Price Today: What's Causing the Recent Drop?

The recent decline of Nvidia's stock price today has left investors wondering what's behind the sudden fall in value. As it turns out, the company's shares are falling due to a combination of factors.

One major reason for the drop is the sharp decline in cryptocurrency mining revenue. According to reports, Lisa's coin miner revenue has fallen by as much as 80% from its peak. This significant decrease in revenue is likely impacting Nvidia's sales and profitability, leading to a decline in stock value.

Another factor contributing to the recent fall is Advanced Micro Devices' (AMD) lower-than-expected third-quarter sales guidance. AMD's preliminary results missed estimates by a wide margin, causing their shares to plummet by around 4% in after-hours trading. As a result, investors are likely becoming increasingly cautious about investing in Nvidia, leading to a decline in its stock price.

Despite the recent fall, Nvidia's stock has still managed to outperform the market over time. However, with the decline in cryptocurrency mining revenue and AMD's disappointing guidance, it seems that investors are taking a step back to reassess their positions in the company.

As of this writing, Nvidia's shares have fallen as much as 2.26% to $128.20 during Thursday's after-hours session. While this may seem like a significant drop, it's essential for investors to keep in mind the company's long-term potential and consider the broader market trends before making any investment decisions.

Overall, the recent decline in Nvidia's stock price today is likely due to a combination of factors, including the decline in cryptocurrency mining revenue and AMD's lower-than-expected guidance. However, with the company's strong track record and continued growth prospects, it may be worth keeping an eye on its future performance.

Nvda stock price today