There’s more stock market news to dive into below! NVDA is down 4.4%, AMD is down 3.1%, and INTC is down 2% as of Monday afternoon. The effects of inflation appear to be the biggest factor contributing to this new stance on chip stocks. That’s despite recent strength in the market. So what’s behind that bearish update? Curtis has concerns about the chip companies being able to meet guidance for the second half of the year. 7 Best Biotech Stocks to Buy in July 2022.INTC stock was trading at $37.99 per share when markets closed on Friday. They also dropped the price target for Intel (NASDAQ: INTC) from $45 to $40 per share. The Barclays analyst didn’t stop with AMD. AMD closed out Friday at $79.35 per share. The analysts dropped their price target for AMD to $85 per share, as compared to the previous price target of $115 per share. The price drop comes alongside sales concerns for prime markets, such as the U.S., Russia, and China.Īdvanced Micro Devices (NASDAQ: AMD) joins the sliding chip stocks today thanks to Barclays analyst Blayne Curtis. Kumar lowered his price target for NVDA stock while maintaining an “overweight” rating. For the recrod, the analyst consensus price target for NVDA stock is $261.41. Priem in January 1993 and is headquartered in Santa Clara, CA.Nvidia (NASDAQ: NVDA) stock starts us off with Piper Sandler analyst Harsh Kumar dropping his price target for the shares from $250 to $235.

The company was founded by Jen Hsun Huang, Chris A. The All Other segment refers to the stock-based compensation expense, corporate infrastructure and support costs, acquisition-related costs, legal settlement costs, and other non-recurring charges. The Tegra Processor segment integrates an entire computer onto a single chip and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.

It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software.

Why is nvda stock price dropping today