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Short of the Week: has Nvidia Corp stock got further to fall?

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We are living in something of a new world order: it all started with Covid in 2020 and the disruption to global supply chains; it continued with the war in Ukraine and sabre rattling over Taiwan. Governments of the major powers are thinking differently, as we can now see from the actions of the US and the global chip supply market.

Stock in Nvidia Corp [NASDAQ:NVDA] is now down over 55% on the year and could fall further. The Biden administration has placed restrictions on its sale of advanced chips to Russia and China which Nividia reckons will cost it around USD 400m in revenues. Cathy Woods response? Load up on Nvidia stock for her ETFs. But Woods' record is less than perfect at the moment, and she could lose out if we see further drops in the stock.


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