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Why Nvidia Stock Just Crashed 6.6%

·2 min read
Why Nvidia Stock Just Crashed 6.6%
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Once again, semiconductor stock Nvidia (NASDAQ: NVDA) is leading tech stocks lower as its shares had slumped 6.6% by 10:25 a.m. ET today. The most obvious answer is that investors are favoring "cheap" semiconductor stock Intel (NASDAQ: INTC) over "expensive" semiconductor stock Nvidia today, especially because Intel had some good news to report last week. On Friday, Intel announced that it has chosen to locate two new chip factories near Columbus, Ohio, picking the city from a field of 40 locations that had competed for the investment.