And to make things even worse, I do not see these above events going away anytime soon. Such disconnections and the wild volatility can be certainly frustrating for long-term investors. When the market sentiment is on a high alert (as it is now with NVDA), it tends to overact and the reactions can be very disconnected from fundamentals. government to restrict the export of certain chips to China to Russia. This time it fell from $163 to $132, a decline of 19% on the news that it had received notice from the U.S. During the week of September 1, its share prices plummeted by more than $30 again.Then only a month later, during the week of July 27, NVDA share prices rallied from $164 to $182, staging a rally of 11% in one week on the news the Senate has passed the CHIPS Act.The shares fell from $173 to $143, a loss of 18% in one week, due to market concern about falling consumer confidence and rising inflation. During the week of June 27, NVDA share prices declined by $30 in one week.
A few specific examples are highlighted in the following char. And as a result, I foresee its stock prices continuing to oscillate widely in the next 1 or 2 years.
Looking forward, I see no lack of such news on the horizon. Lately, Nvidia's ( NASDAQ: NVDA) stock prices have been largely driven by short-term events and news.
0 kommentar(er)
