Nvidia stock appears on track to fall yet again on Thursday as macroeconomic concerns sap the risk appetite of traders.
Nvidia Woes: Despite Nvidia’s earnings getting high praise from sell-side analysts, investors have been incessantly selling the stock on fears that the Jensen Huang-led company can’t keep on delivering superlative financial performance. The stock peaked at $140.76 on an intraday basis on June 20, shortly after the stock split took effect and the ex-dividend date. The record closing high is $135.58 reached on June 18.
