Historic crash on the stock market for nvidia, the strongest since 1999
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Although the latest financial results from Nvidia were to be asked for, by yesterday we were surprised to learn that the shares of the green company fell by around 10%, this is a sharp decline, the largest since 1999.
Nvidia's Shares Fall 10% on Wall Street
Why is this stock market crash? Wall Street investors and shareholders have apparently viewed with concern the downgrade in Nvidia's rating as an investment company. Specifically, there were two ratings, the shares went from "buy" to "reduce" and from "perform" to "underperform" respectively.
"Temperate perspective for games"
This was one of the most resounding phrases from Wall Street analysts and one of the reasons why they downgrade Nvidia. What does this mean? They are probably not seeing that the PC Gaming sector is turning to buying graphics cards en masse in the coming years, where an Nvidia graphic from two generations ago still can with most of the video games on the market, so there is no urgent need to upgrade to a new card model.
It's worth noting that Nvidia's actions have tripled in value in the past year, so this may represent a return to reality rather than a dark omen for the company's future.
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