Why Did Nvidia's Stock Plummet on Monday

Motley Fool2022-03-08

What happenedShares of Nvidia stock fell off a cliff Monday morning, tumbling 6.9% by closed. That's actually a bit surprising though, given the news today:Goldman Sachs just reinitiated coverage of ...

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Comments

Beli
2022-03-09
Beli
Can wait till end of week before buying?
newiak
2022-03-09
newiak
Thanks
Gtung
2022-03-09
Gtung
Agreed
我i168
2022-03-09
我i168
[Smile]
SK19
2022-03-08
SK19
Let's wait a while longer
来人
2022-03-08
来人
Wait

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That's actually a bit surprising though, given the news today:Goldman Sachs just reinitiated coverage of ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/07/why-nvidia-stock-tanked-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDA","symbol_name":"英伟达","start_time":0,"source_url":"https://www.fool.com/investing/2022/03/07/why-nvidia-stock-tanked-today/","article_id":"1101694670","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101694670","pubTimestamp":1646705337,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Goldman Sachs kind of likes Nvidia -- but can't recommend buying it.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDA":"英伟达"},"translate_title":"为什么英伟达的股票周一暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":0.9},"content_text":"What happenedShares of Nvidia stock fell off a cliff Monday morning, tumbling 6.9% by closed. That's actually a bit surprising though, given the news today:Goldman Sachs just reinitiated coverage of Nvidia.Image source: Getty Images.So whatWhat's more, Goldman Sachs didn't even diss the stock -- to the contrary, Goldman kind of likes Nvidia.\"We continue to view Nvidia as an industry leader in accelerated computing,\" said the analyst, \"and expect the proliferation of [artificial intelligence and machine learning] to drive earnings growth and a valuation multiple that exceeds the industry average over the long-run.\"Furthermore, Goldman sees a possible \"positive catalyst for the stock\" in Nvidia's upcoming annual Graphics Technology Conference (GTC 2022) to be held from March 21 to March 24. \"We expect management to unveil new products and provide more detail on its expanding SAM,\" said Goldman in a note covered by StreetInsider.com.Now whatAll that being said, Goldman Sachs warned that that at its current share price of $219 and change, \"risk/reward on the stock is fairly balanced on a 12-month basis.\"For this reason, Goldman declined to recommend the semiconductors star, assigning Nvidia only a $245 price target and a neutral rating. 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