TSM - What's Going On With Nvidia's Stock? | Benzinga
Nvidia Corporation (NASDAQ:NVDA) shares are trading lower Friday. Earnings from ASML Holdings N.V. (NASDAQ:ASML) and Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) have put pressure on the semiconductor sector.
The Details:
ASML reported worse-than-expected earnings earlier in the week, followed by TSMC's reduced outlook for the chip market, overshadowing the company's Q1 results.
Shares of semiconductor companies are falling as investors consider the latest data and the possibility of reduced revenues as the first-quarter earnings season gets underway.
ASML and TSMC shares are down approximately 10% over the past five days. Nvidia shares have lost more than 11% this week and are trading below the $800 mark at $784.06 at the time of publication.
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