Why Is Nvidia Stock Down Today? AI Spending Fears And China Probe Headlines
Photo: Coinpedia
Nvidia shares dropped 3.06% in premarket trading on Friday to $207.12, down $6.54 from Thursday’s close of $213.66. The fall pushes the stock below the $210 support level and into the $205 to $208 zone. Nasdaq futures were down 2.44% at around 5 pm IST, and S&P 500 futures fell 1%, as weak results from Amazon and Intel revived worries about heavy AI spending. Nvidia is also dealing with a New York Times report alleging that Alice Huang, an executive at Singapore data centre firm Megaspeed, was identified by US intelligence as a Chinese asset who grew close to CEO…
Source: Coinpedia
