News Snapshot:
Text size Nvidia shares were falling in premarket trading Monday after the stock was downgraded by a Baird analyst, who cited concerns over slowing consumer demand exacerbated by the Russian embargo. Nvidia (ticker: NVDA ) stock was down 4% to $221.89 in premarket trading on Monday. The stock has lost 21% this year. Analyst Tristan Gerra lowered his rating on the stock to Neutral from Outperform and slashed his price target to $225 from $360. “We believe order cancellations recently started in consumer GPUs,” he wrote in a research note on Monday. The cancellations are driven by a combination of...
