Why Nvidia Stock Plummeted This Week
Nvidia (NASDAQ: NVDA) stock got hit with one of its biggest pullbacks this year over the last week of trading. The company's share price closed out the week down 7.1%. Meanwhile, the S 500's level declined 1.6%, and the Nasdaq Composite's level declined 3%.
Nvidia stock had been down as much as 11.6% on the week prior to seeing some substantial recovery momentum late in Friday's trading. While the company's share price has recently seen a valuation pullback, it's still up 40% year to date.
Image source: Nvidia.
Source Fool.com
