With that company’s new Intel Xe GPUs, Nvidia and rival Advanced Micro Devices (NASDAQ: AMD) no longer have the market to themselves. That’s on top of concern that the GPU market could be upended by the arrival of Intel (NASDAQ: INTC).
The product that is (or, was - more on that shortly) Nvidia’s bread and butter. The concern is that when economic conditions are tough, consumers will have less disposable income to spend on things like new graphics cards for their PCs. NVDA stock closed on Friday down 5.95% for the day.
That sent the market into a panic, and Nvidia Corporation ( NVDA) stock certainly felt it. The 8.6% inflation rate was the fastest increase since December 1981.
Bureau of Labor Statistics published May inflation numbers.
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