TECH - Is Nvidia Stock Becoming Too Volatile To Buy? Best-Performing Stock On S&P 500 Tests Investors' Nerves | Benzinga
Nvidia Corporation (NASDAQ:NVDA) shares are beginning to test investors’ faith in the company as high levels of volatile trading over the past couple of sessions has made its near-term future difficult to predict.
On Friday, shareholders experienced a rollercoaster of emotions. Initially, pre-market activity was brisk, propelling the stock up 2.7% at the opening bell, and it continued to climb, reaching a new high of 5.1% above the opening price, setting a record at $974.
However, the momentum abruptly shifted later in the day. A sudden downturn reversed the stock’s ascent, plunging it to its lowest point at $865.06 — marking a dramatic 11.2% swing from its daily high to the trough.
The shares finished the session at $875.28, a fall of 5.6% from the previous session’s closing mark.
Also Read: TSMC To Win $5B Grant For US Plant To Service Apple, Nvidia Chip Demand: Report
Key Indicators Left Adrift
The stock has moved so much higher, so quickly, that it has left key indicators such ...