NVIDIA shares have dropped over 16% in just 3 days.
By comparison, the previous significant stock decline was ~22% and lasted for more than a month
This is incredible. NVIDIA shares have plummeted today by 6.7% and by over 16% in the last 3 trading days.
In the past 3 years, the company’s shares have seen three notable drops in prices.
1) In March-April 2024, the stock saw a 22% decline after which it has seen one of the most unprecedented rallies in the entire history of ~85%.
2) In August 2023, another decline of 22% started and lasted for over 2 months.
3) Lastly, NVIDIA saw a 69% decline from November 2021 to October 2022. This was the time when the S&P 500 fell into a bear market and dropped by roughly 25%.
The current stock dive is much more rapid so far than the ones mentioned above. Is this an inflection point for NVIDIA and 2022 will repeat? You can find some interesting data about that in the below articles:
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