However, this has not stopped AMD from also shedding about 35% in 2022. NVDA stock trades on quite a high price-earnings multiple of 36 when fellow peer AMD trades on more like 23 times earnings. Nvidia is down 32% year to date as equities and especially high-value names take the brunt of the sell-off. One of the darlings of 2021, NVDA stock now finds itself on the backfoot for 2022. Indeed the intraday 2% turnaround was also helped along as the tech sector was boosted by Elon Musk agreeing to buy Twitter (TWTR). This left the way open for bond yields to soften slightly which helped equity markets stage an afternoon recovery. With Fed members now in blackout as they cannot comment 10 days before the May interest rate decision. Nvidia stock rallied a bit on Monday as the tech sector recovered some ground as yields eased. NVDA stock is one of 2022's underperformers as semi-conductors suffer.NDVA sees peer AMD report earnings next week on May 7.NVDA stock recovers on Monday as the tech sector was emboldened by TWTR deal.
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