NVIDIA (Nvda) Actions dropped 5.7% on Thursday, which made its decrease this year more than 17% in the midst of concerns concerning the drop in IA spending, in the midst of a general sale which lowered the NASDAQ 100 focused on technology. The wider composite index dropped by 2.6%.
“The decrease in NVIDIA stock prices has much less to do with the fundamentals of the company and much more to do with macro considerations, namely uncertainty concerning prices and commercial policy”, ” Will RhindCEO and founder of Granites said in Quartz in an email.
“The company has published very solid profits in the fourth quarter showing that they remain at the forefront of the AI technological race.”
He suggested that if discussions on trade war are mainly noise, this could be an opportunity to buy Nvidia actions for their lowest evaluation for some time.
The manufacturers of rival fleas also fell, with Broadcom (Avo) Chants 6.3% before income, Micron (Mu) approximately 5.4% and micro advanced devices (Dmla) 2.8%. The actions listed in the United States of Taiwan Semiconductor Manufacturing (TSM) dropped by 4.6%.
Marvell Technology’s (MRVL) Actions plunged almost 20% after the results of the semiconductor company results do not impress investors.
On semiconductor (ON) fell 5.6% after Allegro microsystems called “Insadéquate” on the unstopped acquisition offer of $ 35.10 per cash share. Meanwhile, Allegro (Algm) won 5.7%, going against the tide.
Apart from flea manufacturers, other technology giants have also fallen, with Meta (Meta) down 4.4% and Amazon (Amzn) decrease by 3.7%. Apple’s actions (Aapl) and Google Parent Alphabet (Googl) fell from smaller amounts.
Mongodb (MDB) Actions plunged 27% after the database software company has issued lower than expected profits.