Investing.com – Is the bubble bursting? Nvidia (NASDAQ:) stock has plunged 6.68% to start the week yesterday (and fell another 1.3% in after-hours trading), part of a third consecutive session of decline, for a total loss of 12.9%.
However, no negative information seems to justify this plunge. We were able to identify numerous positive recommendations and raising targets for action in recent days.
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Note that this decline occurs following a historic summit marked at $140.71 last Thursday. On this peak, Nvidia posted a gain of +186% compared to the start of the year.
Thus, at $116.57 at the end of post-market trading yesterday, Nvidia posted a plunge of 17.1% compared to its all-time higha fall which can be partly justified by profit taking.
However, the scale and speed of the correction something to worry aboutknowing that much of the rise in the markets in general since the start of the year is due to optimism about Nvidia.
Thus, some already believe that Nvidia’s correction of recent days is a prelude to the bursting of the bubblewhich portends an imminent market crash.
However, on the other hand, the historic Dow Jones index, of which Nvidia is not a part, yesterday showed its 5th consecutive session of increaseduring which he scored an all-time high of 39,571.23 points.
This suggests that rather than a crash, we should expect profound changes into the specifics of the AI-driven bull market.
In other words, the big winners in the coming months are unlikely to be those from earlier in the year, and investors who want to maximize gains will therefore have to broaden their horizons of investment well beyond technological mega-caps.
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