Nvidia Stock Is Nosediving Today: Here's Why

NVIDIA Corporation NVDA shares are trading lower by 4.91% to $171.63 Friday afternoon. Shares of semiconductor and chip companies at large are trading lower in sympathy with Seagate Technology Holdings PLC STX, which reported worse-than-expected fourth-quarter results and issued weak first-quarter guidance. Weakness in Seagate has dimmed earnings sentiment for the broader semi space. 

Seagate reported earnings per share of $1.59, missing the consensus estimate of $1.92. Revenue of $2.63 billion also missed analyst expectations of $2.78 billion...Read More

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Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms.

According to data from Benzinga Pro, Nvidia has a 52-week high of $346.47 and a 52-week low of $140.55.