Nvidia stocks approach key support on the map

Nvidia stocks approach key support on the map

nvidia, (NVDA) the trailblazing graphics chip specialist, has had a rough time this year.

The stock hit new 52-week lows on Friday, down 64% from the 52-week high it reached in November.

To say the least, it was not a good piece for the stock. Certainly, the Santa Clara, California company is not alone.

Taiwan Semiconductor (TSM) and advanced microdevices (AMD) are just a hair above their 52-week low, while Intel (INTC) also made new lows last week.

Last quarter AMD reported solid results and mostly in-line guidance. Nvidia announced a major loss of revenue, followed by a lukewarm quarter and disappointing outlook.

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