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Barchart
Barchart
Mohit Oberoi

Is the Worst Over for Nvidia Stock? The Case for NVDA Falling Below $100.

Nvidia NVDA China AAPL Amazon.com Inc. Google Microsoft

It seems reality is finally catching up with Nvidia (NVDA), which has seemed unstoppable since artificial intelligence euphoria began in 2023. The stock, which gained almost 240% in 2023 and 171% in 2024, is down 19% for the year.

NVDA stock has lost over 26% from its record highs, and the drawdown is the second worst among “Magnificent 7” companies, with Tesla (TSLA) being the worst performer. 

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