Why Nvidia (NVDA) stock is crashing

In what can be considered a rare occurrence based on recent performances, the stock price of semiconductor giant Nvidia (NASDAQ: NVDA) has recorded successive sessions of losses. The downturn continued on Wednesday, July 17, with Nvidia losing its $3 trillion market cap. At some point, the equity erased $170 billion from its market, bringing the value down to $2.9 trillion.Regarding the short-term price movement, NVDA aims to reclaim the $120 mark. At the time of reporting, the stock was valued at $118, wit ...