Nvidia tanks as SoftBank reportedly plans to sell its stake in the chipmaker next year (NVDA)

pulse

December 11, 2018 9:02 PM

Nvidia plunged as much as 3.06% on Tuesday after a report said that Japanese investor SoftBank is planning to dump its stake in the chipmaker.

Nvidia co-founder and CEO Jensen Huang

SoftBank is planning to sell its stake in
The Japanese investor quietly acquired a
Nvidia shares have been under pressure since the start of a large-cap tech correction that began in early October.

Nvidia plunged as much as 3.06% to $147.15 a piece on Tuesday after a report said that the Japanese investor SoftBank was planning to dump its stake in the chipmaker.

Also at stake is a slowdown in semis demand because of Trump's trade war.

Nvidia is down 26.7% this year.

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