Nvidia shares saw a nearly 7% increase on Tuesday, rebounding from a three-day decline that had wiped out $430 billion from the company’s market value. The stock closed at $126.09, following a 13% drop from its June 18 closing price of $135.58. Experts believe the bounce is a technical recovery after a significant drop, noting that the company’s strong fundamentals and leadership remain intact despite recent stock sales by insiders.
Nvidia, a leading AI chip maker, has had a remarkable year with a 154% increase in its share price, making it a standout in the tech-driven U.S. stock market boom. The recent pullback has also tempered concerns over the company’s valuation, which peaked at $3.3 trillion before falling to $3.1 trillion. Although there are worries about slowing momentum, investors remain optimistic about Nvidia’s long-term prospects.
Options trading data indicates a bullish sentiment towards Nvidia, with call options outnumbering puts over the past three sessions. Short sellers have profited from the recent decline, while retail investors have likely taken the opportunity to buy the stock at a lower price. Overall, investor sentiment remains positive towards Nvidia, despite the recent market volatility.
This summary touches on Nvidia’s recent stock performance, market valuation, and investor sentiment, highlighting the company’s resilience and long-term potential in the AI chip sector.
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https://finance.yahoo.com/news/nvidias-shares-surge-over-5-164909742.html
