Why Nvidia Stock Is Sinking Today

Nvidia (NASDAQ: NVDA) stock is moving lower in Monday's trading in response to a combination of macroeconomic and business-specific risk factors. The company's share price was down 6% as of 1:45 p.m. while the S&P 500 and Nasdaq Composite were down 3% and 3.5%, respectively.Stocks are starting this week's trading on a bearish note following recent comments from President Donald Trump about Federal Reserve Chairman Jerome Powell and ongoing escalation in the U.S.-China trade war. In addition to selling pressures impacting the broader market, Nvidia stock is heading lower due to a report that one of its chips will likely be delayed. Earlier this morning, President Trump made critical comments about Fed Chair Jerome Powell and called for immediate interest rate cuts. The Trump administration is also reportedly looking into whether it's legally able to fire Powell before the end of his term as the central banking authority's leader in 2026. The administration's attempts to shape interest rate policy and legal research into potentially ousting Powell is raising concerns about macroeconomic policy, and causing investors to sell out of stocks, including Nvidia's.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool