5 Stocks Making Headlines on Monday

Page 1 of 5

In this article, we take a look at five stocks that are making headlines today. If you want to take a look at some more stocks that are trending and the latest market situation, go to 10 Stocks Making Headlines on Monday.

5. NVIDIA Corporation (NASDAQ:NVDA) has declined 5.3% as of 10:58 AM ET after the Santa Clara, California-based designer of Graphics Processing Units (GPUs) was downgraded from an Outperform to a Neutral rating at Baird. The price target on NVIDIA Corporation (NASDAQ:NVDA) was reduced from $360 to $225, reflecting a potential upside of over 7% from Friday’s closing price. The analyst observed that order cancellations for customer GPUs have started due to excess inventories. He added that the slowdown in the PC market and the sanctions on Russia would adversely impact NVIDIA Corporation (NASDAQ:NVDA).

Of the 924 hedge funds in Insider Monkey’s database, 110 funds held a stake in NVIDIA Corporation (NASDAQ:NVDA) as of Q4 2021.

Page 1 of 5