On the date of publication, David Moadel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. As the company joins the MATANA club, traders may decide to buy more NVDA in the near future. Still, Nvidia shares are down less than 1% as of this writing. In fact, the WSJ even went so far as to state that the China chip-shipping restriction could affect Nvidia’s outlook for “about $5.9 billion of sales in the current quarter.” Investors may be considering this impact today in a sort of delayed reaction, consequently selling NVDA stock. Nvidia doesn’t rely on Russia for significant chip sales, but curtailing shipments to China could weigh on its bottom line. will now require a license for future exports of certain types of chips to China and Russia. Evidently, recent financial reports “showed the chip maker’s business being hit hard by growing inventory and slipping demand.” According to WSJ, Nvidia could also lose “as much as $400 million in quarterly sales” due to new licensing requirements imposed by the United States.Īpparently, the U.S. Today, a new article from the Wall Street Journal is reminding traders of a notable problem for Nvidia. Licensing Requirements May Be Problematic for NVDA Stock This involves the impact of new licensing requirements on Nvidia. On top of this news, however, investors are still probably considering another recent development. The new inclusion of NVDA stock likely has traders talking. Notably, Netflix and Meta Platforms aren’t included in the group anymore. This new acronym includes Microsoft (NASDAQ: MSFT), Apple, Tesla (NASDAQ: TSLA), Alphabet, Nvidia and Amazon. That said, Constellation Research Principal analyst and founder Ray Wang feels it’s time to change the focus from FAANG to MATANA. Television personality Jim Cramer first coined the term “FAANG” in 2013, when the five companies dominated the U.S. The group includes Meta Platforms (NASDAQ: META) (formerly Facebook), Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Netflix (NASDAQ: NFLX) and Alphabet (NASDAQ: GOOG, NASDAQ: GOOGL). You’ve probably heard about technology-focused FAANG stocks before.

Wang calls this group “MATANA” and includes NVDA stock among the names. government.įirst off, Ray Wang recently argued that a popular group of stocks - called “FAANG” stocks - should be changed to a different group entirely. There are two likely explanations: recent comments from analyst Ray Wang and new licensing requirements from the U.S. Traders are buzzing about Nvidia (NASDAQ: NVDA) stock today.

Why is nvda stock price dropping today