Here's why Nvidia stock is crashing

Although news of its new flagship artificial intelligence (AI) chip for the Chinese market has tilted the price of Nvidia (NASDAQ: NVDA) stock to close the previous day on a slightly positive note, the technology behemoth’s shares have been in a decline for the majority of the past week and in pre-market.As it happens, Nvidia stock price at press time stood at $123.54, reflecting an increase of 4.76% on the day, a decline of 3.78% across the week, and a further drop of 0.057% in pre-market, according to the ...