Nvidia Stock Poised For 3rd Straight Down Day: What's Going On With AI Stalwart
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ:NVDA) is experiencing a decline in premarket trading, down 0.42% at $120.38. This follows a recent 10-for-1 stock split and a record high market cap of $3 trillion. The stock has pulled back in the last two sessions, and shares often see some weakness immediately after a split due to profit-taking.
June 10, 2024 | 12:13 pm
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Nvidia's stock is down 0.42% in premarket trading following a 10-for-1 stock split and a record high market cap of $3 trillion. Shares often see some weakness immediately after a split due to profit-taking.
The decline in Nvidia's stock price is likely due to profit-taking following the recent 10-for-1 stock split and the record high market cap. This is a common occurrence post-split as investors may sell off shares to realize gains.
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