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Here’s Why Nvidia Stock Is Down Today—Again - Forbes
LifestyleBy Zachary Folk8/24/20261 min read
The chip designer will report earnings after the bell on Wednesday.
✨ Key Highlights
- Nvidia's stock fell more than 2% on Monday afternoon, marking its seventh-straight day of declines as investors grow anxious ahead of the chipmaker's earnings report scheduled for Wednesday after the bell.
- The company trades just under $210, down roughly 2.2% on the day and nearly 7% over the seven-day losing streak, though shares remain up more than 11% year-to-date.
- Investor unease follows disappointing results from other AI giants, including Meta, which missed its earnings projections in July, raising concerns about Nvidia's upcoming report.
- Bloomberg reported over the weekend that Nvidia informed major customers it would raise prices as much as 15% next year on servers with its AI chips, citing rising memory costs.
- The slump coincides with a broader semiconductor selloff, as AMD, TSMC and Broadcom all declined Monday and the Philadelphia Semiconductor Index dropped 2.7%; critics have also questioned Nvidia's "circular financing" deals involving equity stakes in customers like OpenAI and Anthropic.
- Despite the decline, many analysts remain bullish, with Cantor Fitzgerald setting a $350 price target—about 67% above Monday's level; meanwhile, CEO Jensen Huang's net worth, estimated at $181.7 billion, fell roughly $3.8 billion as shares dropped.
Nvidias stock was down well over 2% on Monday afternoon, pacing for its seventh-straight day of declines as anxiety heading into the AI chipmakers Wednesday earnings call appears to be concerning inv