Six stocks in the S & P 500 have been inversely correlated to Nvidia's share price moves over the past month, according to analysis by CNBC Pro.
It comes as Nvidia fell into correction territory this week, meaning it's fallen over 10% from its closing high of $148.88 reached last month.
CNBC Pro screened for stocks in the S & P 500 that have moved in the opposite direction to the U.S. chip giant over the past month.
A correlation of 0 would indicate no statistical link between Nvidia's stock and the share price of the company.
For instance, over the past month, Kraft Heinz shares have also fallen 0.6%, alongside Nvidia's decline over the same period.
Persons:
Kraft Heinz, Henry Schein
Organizations:
CNBC Pro, Walgreens Boots Alliance, MasterCard, O'Reilly Automotive, Nvidia, CNBC
Locations:
U.S