The Nvidia spell has been broken. Here’s what could come next
CNN
Nvidia stock is back on the road to recovery, but investors have come face-to-face with a potentially bubble-bursting truth: Every stock can fall.
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Nvidia, Nvidia, Nvidia. The $3 trillion tech darling has seduced investors, and its stock has risen about 750% since the beginning of 2023. But the past few days suggest that the spell the company cast over Wall Street has broken as a sudden wave of volatility briefly sent shares of the company skidding lower. Nvidia’s stock bounced back Tuesday, yet investors have been reminded of a potentially bubble-bursting truth: You can fly too close to the sun. What’s happening: Nvidia has had a whiplash-inducing few months.
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