Shun NVIDIA, Opt For These 4 Top-Ranked Semi Stocks In 2019
Zacks Investment Research | Dec 26, 2018 08:07PM ET
NVIDIA (NASDAQ:NVDA) suffered a bumpy ride in 2018, thanks to a string of weaknesses plaguing the semiconductor market since the second half.
Notably, the company, which impressed investors with a stellar performance in the past couple of years, has been witnessing a downward trend since October. Moreover, the chip-maker has remained tremendously stressed ever since it reported lower-than-expected top and bottom-line results on Nov 15.
Additionally, the company’s bleak near-term guidance dealt a severe blow to investor confidence. This is further evident from a recent Bloomberg report, which stated that SoftBank Group Corp is planning to sell its stake in the company early next year.
We note that this Zacks Rank #4 (Sell) stock is currently one of the worst performers, lagging the S&P 500 index and the industry it belongs to over the past year.
Shares of NVIDIA have plunged 31.3% in the past year compared with the Zacks Investment Research
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