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While Goldman Sachs reiterated its buy rating for AMD, Morgan Stanley paused and gave NVIDIA an equal weight rating.

NVIDIA’s data center segment has provided nearly 50% of the company’s total revenues from last quarter. NVIDIA should pay particular attention to the progress that AMD has made in the data center and gaming markets. The Dow Jones plummeted by 1,063 basis points, the S&P 500 dropped by 3.56%, and the NASDAQ tumbled by 4.99% during the session.įollowing the impressive earnings report from rival AMD (NASDAQ: AMD), NVIDIA investors took pause on Thursday to digest the earnings.

All three major indices sank lower for the worst overall session since March of 2020. Despite the relief rally during Wednesday’s session, there was no carry over capitulation on Thursday for Cinco de Mayo. On Thursday, shares of NVDA dropped by 7.33% and closed the trading session at $188.44. NASDAQ: NVDA showed that even the largest and most influential companies are not immune to a bearish market crash.

NVIDIA unveils its new VR glasses for the Metaverse.

NVIDIA investors took pause following AMD’s impressive earnings.

NASDAQ: NVDA fell by 7.33% during Thursday’s trading session.

Should i buy or sell nvda stock