Lessons from Nvidia’s $350B Wipeout
Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart shows how NVDA has moved over the past five days. Despite yesterday’s nearly 7% recovery, the stock is still down 10% from its intraday peak last Thursday, wiping out about $350 billion in market value. I’m not predicting a crash, but I wouldn’t be surprised if NVDA starts losing some of its dominance – and you shouldn’t be either. As I explain in the Insight of the Day, this might actually be a good thing.
June 26, 2024
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