Nvidia shares fall a total of 8.2%

After a 3.2% drop in its shares, Nvidia finds itself in this scenario again with a new update. This Monday (24) the company's shares plummeted another 5%, totaling 8.2% in the last few days alone.

Nvidia is an important American company in the technology sector, leading the world market in the artificial intelligence niche and proving to be increasingly influential in the technology market.

Cause of stock drop

Experts believe that the fluctuations in the company's shares are not a reflection of any decision by its managers, as there has been no news of this type in recent weeks, but rather a response to the volatility of the technology market.

It is worth remembering that the company's shares have been growing continuously in recent weeks, with experts still projecting an increase of 140% per year.

_{Nvidia stock chart before the latest declines (Photo: reproduction/FactSet/Trade News)}

The fluctuations in the stock market are probably the result of this exacerbated growth of the company, with its shares reaching 45 times higher than its profit projections.

What to expect in the coming days

The company continues to lead the technology market and stand out in the growing niche of artificial intelligence. Before the recent drop, Nvidia's shares rose 156% during 2024, briefly placing it in the position of the most valuable company in the world.

The company currently ranks third in the ranking of companies with the highest market value in the world, behind only Microsoft and Apple. Its current market capitalization is US$2.95 trillion.

Bank of American experts continue to have high expectations for the company's second half of 2024, with its wide range of software and hardware products, in addition to recent discoveries in the AI ​​​​fields, the expectation is that shareholders will remain confident and hopeful.

Nvidia shares are currently trading at $120.34.

Featured photo: Nvidia facade (Reproduction/Bloomberg/Showmetech)