NVIDIA Corporation NVDA shares are trading lower by 4.91% to $171.63 Monday. Barclays analyst Blayne Curtis on Monday maintained Nvidia with an Overweight, but lowered its price target from $295 to $200.
Shares of semiconductor and chip companies at large were also trading lower in sympathy with Seagate Technology Holdings PLC STX during Friday's trading session, 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
See Also: Why Bitcoin- And Ethereum-Related Stocks MicroStrategy And Coinbase Are Diving
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
