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Why Nvidia Stock Dropped Again Today

·2 min read
Why Nvidia Stock Dropped Again Today

Reuters reported over the weekend that the ongoing conflict in Ukraine will almost certainly disrupt supplies of neon gas, which is vital for the manufacture of semiconductor chips. On the other hand, if input costs rise for Nvidia, that would squeeze its profit margins. Adding to Nvidia's troubles, on Monday morning, Citigroup released a report warning of "incredibly bearish" sentiment regarding semiconductor stocks.