Almost 2 Years Ago
2 Min Read

NVDA losing -9% today. A quick overview:



Nvidia Corp (NVDA) is trading -9% lower at $173.44 today.

Nvidia Corp has been trading between a 52-week high of $346.3 and a 52-week low of $140.55. The stock has a market cap of $434 Billion.

NVIDIA is the pioneer of GPU-accelerated computing. The Company specializes in products and platforms for the large, growing markets of gaming, professional visualization, data center, and automotive. Its creations are loved by the most demanding computer users in the world – gamers, designers, and scientists.

Headlines


GM and 9 Other Stocks That Should Shine in a 2023 Recession: Citi
Barron''s 08-09-22

Fund - Ark''s Cathie Wood scoops up more than $60 million of Nvidia following chipmaker''s revenue warning
Business Mag 08-09-22

Defiance ETFs: ''It''s a great time to get into the market,'' buy tech megacaps and Nvidia
Seeking Alpha 08-09-22

Ark''s Cathie Wood scoops up more than $60 million of Nvidia following chipmaker''s revenue warning
CNBC 08-09-22

Futures Slide On Tech Weakness As Meme Stocks Fade, CPI Looms
Zero Hedge 08-09-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Emergency_Dust69 - 27 upvotes - source
I sold my nvda shares on Friday to buy bbby today 🤣

heathermyllz - 16 upvotes - source
NVDA can drop another 50% and still be overvalued

Sharnington - 15 upvotes - source
Sold 750$ of NVDA near close and threw it into BBBY and GME to support the apes.

bubblesinajar - 13 upvotes - source
Hopium. Also, NVDA just reported some pretty disappointing earnings. Lots of indications that demand is waning in the face of continuously higher prices. While it’s not generally a good sign because it could be indicating demand destruction, I think CPI could surprise to the downside and result in a short term market rally.

Romanian_ - 11 upvotes - source
Now you know why Pelosi dumped NVDA ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4640)

Boeoegg - 9 upvotes - source
Made $9100 today off of BBBY shares/calls and NVDA puts. Feels good man. [proof](https://ibb.co/xzqF5Gt)

commieconfidential - 9 upvotes - source
Remember: * Wal-mart guides lower and says that people have switched to buying necessities * NVDA pre-releases horrible earnings * Fed hikes rates twice and indicates that more are on the way * Market rips for 2 weeks straight with no pullbacks to test support * Jobs report comes in hot, indicating that CPI may come in hotter than expected Wednesday * Shitcos pumping 30% * 2 & 10 year treasury yields spike Friday This IS bullish. You SHOULD be buying calls. NOTHING bad is going to happen.

BedtimeTorture - 9 upvotes - source
Sold all my $9 calls for ~650% gain right as it hit $13. Thanks gentlemen I love y’all, now I’ll go lose my money on SPY & NVDA puts

brooklynbest97 - 8 upvotes - source
NVDA got Covid

caravaggio2000 - 7 upvotes - source
Fuck NVDA for dragging my AMD down with its shit.