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Why Nvidia Stock Continued to Slump on Friday

Why Nvidia Stock Continued to Slump on Friday

Shares of Nvidia (NASDAQ: NVDA) continued to tumble on Friday, falling as much as 4.5%. While the stock was no doubt caught up in the broader market downdraft, bearish comments by a Wall Street analyst about the state of the industry added further pressure to the share price. Truist analyst William Stein painted a bleak picture for the semiconductor industry, at least in the near term, according to The Fly.