The Week of April 14-18 in Review
Shares of Nvidia (NASDAQ: NVDA), the leading maker of artificial intelligence (AI) chips, dropped 8.5% last week, which was a four-day trading week due to the stock market being closed for the Good Friday holiday. Nvidia stock ended the week priced at $101.49 per share.
For context, last week, the S&P 500 index declined by 1.5% while the tech-heavy Nasdaq Composite index fell 2.6%. For additional context, shares of Nvidia competitor Advanced Micro Devices (AMD) were down 6.3%.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Below is a discussion of the two major events that moved Nvidia stock last week.
Nvidia stock…
