Santa Clara, Calif.-based NVIDIA Corporation (NVDA) is a leading semiconductor and networking solutions firm located in the United States. The company operates in two segments: Graphics; and Computing and Networking. Its products are used in gaming devices, data centers, and automobiles.
While the company's shares are up 8.5% in price over the past year, the stock is down 42.3% year-to-date, closing yesterday's trading session at $169.75. In addition, the stock was down nearly 5.5% in late trading yesterday after the chipmaker issued a softer-than-expected outlook for the July quarter. The company blamed diminished revenue in Russia and COVID-19-related production shutdowns in China.
