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Nvidia Sinks After a Flat Report
Shares of Nvidia (NVDA Quote) tumbled a day after it reported lackluster financial results and guidance, prompting one brokerage to slap a sell rating on the stock.
In early afternoon trading, the stock was down $2.67 or 18.4%, to $11.88.
Prudential, which downgraded its rating on Nvidia to sell, also saddled the stock with a $9 price target -- implying nearly 40% downside from yesterday's close of $14.55. The firm hasn't done banking for the company. ...
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