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Benzinga
Benzinga
Business
Henry Khederian

Why Nvidia Shares Are Diving Today

Nvidia Micron Nasdaq NVDA NVIDIA Corporation Piper Sandler Semiconductor

Shares of semiconductor companies, including NVIDIA Corporation (NASDAQ:NVDA), are trading lower in sympathy with Micron, which dipped following a downgrade and price target cut from Piper Sandler analysts.

Nvidia shares are also trading lower amid overall weakness in tech names as market indexes are trading lower on continued volatility. While nonfarm payrolls data came in higher than expected Friday, concerns over Fed rate hikes, inflation and economic health continue to weigh on stocks.

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