Wall Street

Can Nvidia Bounce Back

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ValueWalk

Q1 2022 hedge fund letters, conferences and more NVIDIA Underperforms Even Against CompetitorsThe decline of NVDA stock was among the worst performer in the NASDAQ index. Competitors like Microsoft (MSFT), Intel Corp (INTC), and Texas Instruments (TXN) were all down at the end of the day. Texas Instruments had the smallest drop, of nearly 2.7% to $170.30 while Microsoft saw a 4.55% drop to $254.08. Finally, Intel Corp fell more than 4.6% to $42.35. For Nvidia Corp, though, the day was not a satisfying one. As such, on Wednesday NVDA closed $177.09 below its 52-week high of $346.47 (reached on …

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