What is the sentiment of this news? Please choose an answer from {strong negative/moderately negative/mildly negative/neutral/mildly positive/moderately positive/strong positive}.

Nvidia Corporation (NASDAQ: NVDA) reached a new 52-week low on Friday, despite the S&P 500 trading slightly higher. Chip stocks, like much of the technology sector, have declined heavily this year, with Nvidia plunging 50% from its 2022 opening price of $297.85.
moderately negative