Jim Cramer says investors should stick with Nvidia post decline
What recent valuation did Nvidia achieve?
Nvidia recently achieved a $3.34 trillion valuation, surpassing Microsoft to become the largest company in the world. However, its shares slid 13% in three days, though they started to recover on Tuesday.
How much did Nvidia's shares drop in three days?
Nvidia's shares dropped 13% in three days, resulting in a loss of over $400 billion in market capitalization. This decline followed a record high valuation of $3.34 trillion last week. Despite the drop, some analysts view this as a buying opportunity, while others caution about possible AI-fatigue and market concentration risks.
By what percentage was Nvidia's stock still down from its peak?
Nvidia's stock was still down about 7% from its peak, despite starting to recover on Tuesday. The slide came after the company hit a $3.34 trillion valuation last week, surpassing Microsoft to become the largest company in the world.