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Jefferies Sees Nvidia Weakness as a Buying Opportunity

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Nvidia (NASDAQ:NVDA) shares closed 7.7% lower on Thursday to mark the first daily close below the $140 mark for the first time since April 2021.

Shares dropped on the chipmaker's warning that its Q3 revenue guidance may suffer a $400 million negative impact from the U.S. bank on exports of top AI chips to China.



The Competition and Markets Authority (CMA) said on Thursday the deal, the largest ever in gaming, could damage the industry if Microsoft refused to give competitors access to Activision's best-selling games.





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