This theme picked up speed last week and Fed officials stepped up the hawkish narrative ahead of their imposed blackout this week before May's interest rate decision.

Tech stocks are usually more sensitive to rising yields, even those with strong balance sheets and positive cash flows. Of course the main problem for the tech sector and one NVDA cannot avoid has been the speed with which bond markets have sold off and so pushed yields higher. Added to the mix of course have been fresh headwinds in the shape of the Ukraine war as well as old problems around covid lockdown with factories in Shanghai once again feeling the pinch as covid struck the city hard. With Wall Street largely backing up that thesis with a string of bullish price targets investors have been left holding some of the worst-performing stocks of the year so far. After a surging year in 2021 investors would have been hoping the strong momentum was set to continue into 2022. It's fair to say 2022 has not been a good one for investors in semi conductor stocks. NVDA stock is set for earnings next month but peer AMD is out next week.

NVDA stock stuck to the scrips and lost another 3% on Friday.

Nvda stock forecast 2022