Nvidia Is Up 750% in 2 Years. The Last Time It Did That, It Crashed 50% the Next Year. Is This Time Different?
Those who are amazed by Nvidia's (NASDAQ: NVDA) meteoric rise are likely unaware of its history. Although the stock is up around 750% since the start of 2023, it also accomplished a similar feat from the start of 2019 until the end of November 2021, when the stock was up 880%.
Unfortunately for shareholders, the stock responded by dropping more than 50% until the start of 2023. So, the current rise isn't exactly untested waters for Nvidia. But what happens over the next few years might be.
Will history repeat itself? Or is this time different?
Source Fool.com