As of 11:22 AM ET on September 3, 2024, NVIDIA Corporation (NVDA) is trading at $111.185, reflecting a significant drop of $8.185 or 6.86% from the previous close of $119.37. This downturn comes amid a high trading volume of 201,504,864 shares.
Intraday Performance
Today’s trading has seen NVIDIA’s stock fluctuate between a high of $116.21 and a low of $109.395.
Yearly Overview
Over the past year, NVIDIA has seen a 52-week high of $195.95 and a low of $39.23. The current price reflects a substantial decline from its peak.
Market Sentiment
The recent drop in NVIDIA’s stock price is attributed to a combination of factors, including concerns over its growth projections and market valuation. Despite reporting strong sales and a projected revenue increase for Q3, some analysts believe that expectations may have been set too high, leading to the current sell-off.