Why 1 Analyst Turned Bearish on This Nvidia Supplier
Shifting winds in the artificial intelligence realm could spell trouble for Fabrinet B. Riley argued on Wednesday. Analyst Dave Kang downgraded shares of the company, which makes optical cables for Nvidia to Sell from Neutral. Fabrinet stock dropped 10% to $223.82 in morning trading, putting it on track for its largest daily percentage decrease since February, according to Dow Jones Market Data.