NVIDIA shares are trading amid weakness in tech stocks ahead of Wednesday inflation data. The stock may also be under pressure Google reportedly unveiled an Arm-based data center processor.
Portfolio Pulse from Benzinga Newsdesk
NVIDIA shares are experiencing a downturn due to the overall weakness in tech stocks, with investors cautious ahead of the upcoming Wednesday inflation data. Additionally, the stock faces pressure following reports that Google has introduced an Arm-based data center processor, potentially impacting NVIDIA's market position.
April 09, 2024 | 2:49 pm
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NVIDIA's stock is under pressure due to the general downturn in tech stocks and concerns over Google's reported launch of an Arm-based data center processor.
The downturn in tech stocks, influenced by the anticipation of inflation data, is affecting NVIDIA. Furthermore, Google's reported introduction of an Arm-based data center processor could pose a competitive threat to NVIDIA, potentially impacting its market share and investor sentiment.
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RELEVANCE 90