Nvidia Stock Hasn't Set a Record in 4 Months. History Says These Stalls Have Ended 2 Ways.
The chip giant's droughts between record closes have ended at new highs within about six months -- or in bear markets that cut the stock by more than half.
Overview
Nvidia (NASDAQ:NVDA) hasn't closed at a record high since May 14, when the stock finished at $235.74. That was 87 trading days ago, about four months. Shares now sit near $215 as of this writing, about 9% below that mark.
Droughts like this aren't new for the artificial intelligence (AI) chip giant, though. Since reclaiming its 2007 peak in 2016, Nvidia's stock has gone 60 or more trading days without a record close seven times.
Details
Five of those stretches ended at new highs within about six months. The other two turned into bear markets that cut the stock by more than half.
Source
Originally published at www.fool.com.
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