NVIDIA Shares Are Trading Lower: What You Need To Know

NVIDIA Corporation NVDA shares are trading lower Tuesday amid a broader market pullback. Here’s what you need to know.

What To Know: Investors brace for a week of big tech earnings reports, which are expected to provide insights into corporate spending on AI buildouts.

The broader tech sector is also under scrutiny, with AMD Corp’s AMD  imminent earnings report expected to offer a clearer picture of the chip market. Analysts are anticipating AMD to report earnings per share (EPS) of 658 cents for the second quarter, up from 58 cents in the same period last year and revenue of $5.724 billion.

In addition to NVIDIA, other chip-related stocks such as Amkor Technology Inc. AMKR and Lattice Semiconductor Corp. LSCC are also trading lower. Lattice Semiconductor shares are trading lower after the company reported worse-than-expected second-quarter financial results. Similarly, Amkor Technology shares are trading lower following its release of roughly in-line guidance.

NVDA Price Action: NVIDIA shares were down by 6% at $104.85 according to Benzinga Pro.

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