Why is Nvidia stock down? 2 possible reasons for the AI chip company’s slumping share price

As investors grow increasingly anxious about the state of the U.S. economy, a few pieces of negative news may be impacting the darling of Wall Street.

Nvidia Corporation has been a Wall Street darling for the past few years. The company has quickly become the AI hardware king, as its powerful chips are critical for running advanced artificial intelligence-powered platforms and services, like ChatGPT. With its newfound status, Nvidia shares (ticker: NVDA) have surged. In the past year alone, NVDA is up over 120%.