Market Mayhem and the Fed's Shadow Nvidia's stock plummeted by over 4. 6% in just five hours on Friday, a decline that defied explanation despite the company's impressive quarterly report.
While some attribute this downturn to Nvidia itself or the whims of traders, I believe there's more at play – and it has everything to do with the Federal Reserve.
Nvidia's stock price took a hit on Friday despite reporting strong revenue growth for fiscal 2028, which had sparked a nearly 9% pop in trading just the day before. What changed?