U.S. markets close in 2 hours 34 minutes
  • S&P 500

    4,235.67
    -48.07 (-1.12%)
     
  • Dow 30

    33,784.73
    -214.31 (-0.63%)
     
  • Nasdaq

    12,714.09
    -251.25 (-1.94%)
     
  • Russell 2000

    1,961.85
    -38.88 (-1.94%)
     
  • Crude Oil

    91.17
    +0.67 (+0.74%)
     
  • Gold

    1,762.90
    -8.30 (-0.47%)
     
  • Silver

    19.05
    -0.42 (-2.15%)
     
  • EUR/USD

    1.0045
    -0.0047 (-0.46%)
     
  • 10-Yr Bond

    2.9760
    +0.0960 (+3.33%)
     
  • GBP/USD

    1.1832
    -0.0101 (-0.85%)
     
  • USD/JPY

    136.8400
    +0.9780 (+0.72%)
     
  • BTC-USD

    21,534.52
    -1,869.56 (-7.99%)
     
  • CMC Crypto 200

    512.50
    -29.10 (-5.37%)
     
  • FTSE 100

    7,550.37
    +8.52 (+0.11%)
     
  • Nikkei 225

    28,930.33
    -11.77 (-0.04%)
     
  • Oops!
    Something went wrong.
    Please try again later.

Nvidia stock down after analyst cuts estimates amid weakening demand

In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Nvidia shares are down after a Baird analyst cut estimates for the stock.

Video Transcript

BRIAN SOZZI: All right, before we head to break, let's take a look at shares of NVIDIA, which is seeing another day of cautious commentary from Wall Street ahead of earnings. Baird analyst Tristan Gerra cut his estimates on NVIDIA, saying he is seeing persistent excess inventories of chips in the industry, uncertainties around the timing of new products from NVIDIA, and weakening demand for graphic cards. Gerra reiterating a neutral rating on the stock. NVIDIA shares are down about 50% year to date.