Nvidia Corporation (NASDAQ:NVDA) reached a new 52-week low on Friday, despite the S&P 500 trading slightly higher.
Chip stocks, like much of the technology sector, have declined heavily this year, with Nvidia plunging 50% from its 2022 opening price of $297.85. Comparably, Advanced Micro Devices, Inc (NASDAQ:AMD) has plummeted 49% and Micron Technology, Inc (NASDAQ:MU) has slid 45% over the same time period.
