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#1 09-06-2020 07:09:49

alohaheyha
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Nvidia Stock Up 50% This Year, Can It Continue?

https://specials-images.forbesimg.com/imageserve/5e141b58eb5fec0007029f9c/960x0.jpg?fit=scale

Nvidia stock (NASDAQ: NVDA) had seen a significant drop this year – dropping by about 17%, from $236 at the end of 2019 to close to $196 on 16th March 2020, as growing fears around the coronavirus outbreak triggered a sell-off across global equity markets. But with the US government announcing a string of measures to keep businesses afloat, investor sentiment improved over recent weeks – helping NVDA stock to jump by 78% in the last two and a half months to reach $350 as the market opened on 5th June 2020. The current stock price is close to 50% higher than the level at the beginning of the year, and we believe that NVDA stock could see some downside as the world still awaits the sign of abatement of the pandemic. Our dashboard What Factors Drove 82.5% Change In NVIDIA Stock Between 2017 And Now? provides the key numbers behind our thinking.
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