Dec 17, 2024 - Business
Charted: Nvidia's correction
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Nvidia shares have entered correction territory, but investors shouldn't panic just yet. They're still up nearly 170% on the year.
Why it matters: Nvidia has morphed into one of the most crucial stocks on the market as its momentum reflects the health of the AI economy.
By the numbers: The stock closed today at $130.39, down over 14% from its intraday high on Nov. 21.
- A correction is defined as a 10% drop from a recent high.
What they're saying: Analysts are still largely positive on the stock, though some investors are waiting to see the company ramp up production of its new Blackwell chips, Barron's notes.
