Nvidia stock is nearing major support on the chart

Nvidia stock is nearing major support on the chart

nvidia, (NVDA) the game-changing graphics-chip specialist has struggled this year.

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

To put it mildly, it was not good for the stock. Certainly, the Santa Clara, Calif., company isn’t alone.

Semiconductor Taiwan (TSM) and advanced gadgets (AMD) is just a hair above its 52-week lows, while Intel (INTC) also made new lows last week.

Last quarter, AMD reported solid results and mostly integrated guidance. Nvidia announced a big revenue loss, followed by a tepid quarter and disappointing guidance.

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