Nvidia Is Down 27% From Its Peak. History Says This Is What Happens Next.

Nvidia (NASDAQ: NVDA) has been the unquestionable leader of the artificial intelligence (AI) boom of the past two-plus years with the stock up more than 600% since the start of 2023 and its market cap now hovering around $3 trillion. The company reported 78% revenue growth in the fourth quarter to $39.3 billion, which topped the consensus at $38.2 billion, and adjusted earnings per share (EPS) improved from $0.49 to $0.89, ahead of estimates at $0.85. The sell-off may indicate some investor fatigue with Nvidia, and the stock continued to slide in the ensuing days as it got caught up in the concerns about President Donald Trump’s new round of tariffs as well as concerns that some of its chips may have been illegally exported to China.