Nvidia stock stumbles after Baird voices concern about graphics business

Shares of Nvidia Corp. shares were slipping Monday after an analyst took a more cautious outlook on the company’s gaming business.

Baird’s Tristan Gerra downgraded Nvidia’s stock NVDA to neutral from outperform, writing of his concerns about excess inventory for consumer graphics processing units (GPUs). The shares were off 5.1% in afternoon trading.

“We…