Stocks
Nvidia Stock Slumps Amid Export Restrictions and Investor Skepticism
Nvidia stock has been underperforming this year, with a mere 4.7% gain in 2023, sharply below gains in Intel and AMD.
The chipmaker's exceptional growth trajectory is being questioned by investors, who are also concerned about export restrictions to China.
A recent sale of $186 million worth of Nvidia stock by board member Mark Stevens has added to the bearish sentiment.
Some analysts remain bullish on Nvidia, with an average price target of $301.62 implying a 55% upside from the current share price.
However, retail investors appear to be losing patience, with the stock's worst six-month performance since 2022.