NVIDIA Corporation (NASDAQ: NASDAQ:NVDA) shares are trading lower by 4.91% to $171.63 Friday afternoon. Barclays (LON:BARC) analyst Blayne Curtis on Monday maintained Nvidia with an Overweight, but lowered its price target from $295 to $200.
Shares of semiconductor and chip companies at large were also trading lower in sympathy with Seagate Technology (NASDAQ:STX) Holdings PLC (NASDAQ: STX) during Friday's trading session, which reported worse-than-expected fourth-quarter results and issued weak first-quarter guidance. Weakness in Seagate has dimmed earnings sentiment for the broader semi space.
Seagate reported earnings per share of $1.59, missing the consensus estimate of $1.92. Revenue of $2.63 billion also missed analyst expectations of $2.78 billion...Read More
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Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms.
According to data from Benzinga Pro, Nvidia has a 52-week high of $346.47 and a 52-week low of $140.55.
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