The global markets are facing a volley of problems with ever-growing inflation, impending fears of recession, COVID-19 lockdowns in China, and the Ukraine-Russia conflict, which are spurring a major slowdown in overall consumer demand, especially in the electronic consumer market, causing a slump in sales of PCs, TVs, and smartphones. As a result, technology companies across the globe, like Nvidia (NVDA), face concerns about order cuts for their GPU processors and other products. Shares have already lost half of their market capitalization over the past year. Based in California, NVIDIA Corp. is a multinational technology company that designs and manufactures computer graphics processors, chipsets, and related multimedia software.
