Nvidia has never been doing better, but the analysts from Deutsche Bank decided to downgrade Nvidia from buy to hold. They also downgraded Nvidia from $43 target to $24.5.

Nvidia fell $2.12, or 7.4 percent, to $26.73 and it is not doing very well on the stock market. It managed to drop from close to $40 in December to its current price of $26.73 and at the same time, it lost more than thirty percent of its value.

The company will get some fearsome competition from AMD, but it is not as bad as Deutsche Bank thinks. At the same time, all the big ones, including AMD, Google and Apple are down. It has been like this for two weeks as the U.S. economy and U.S. dollar have not been this bad in years.

More here.