Nvidia Stock Has Pulled Back Over 10%. Here's What History Says Could Happen Next.
Anyone who thought Nvidia's (NASDAQ: NVDA) sizzling momentum would go on forever without a hitch should now know better. A hitch has unquestionably arrived.
Sure, the high-flying artificial intelligence (AI) stock is still up close to 140% year to date. However, Nvidia stock has pulled back over 10%. Here's what history says could happen next.
Nvidia has fallen by double-digit percentages from its high plenty of times since its stock began trading publicly in 1999. The first one came only days after its initial public offering. However, within a few weeks, Nvidia shrugged off the temporary setback and marched to a new high.
Source Fool.com
