$NVDA bounces +3.84% today, but it's still well below last week's levels 📊
After two straight down days, Nvidia is trading higher in the Nov 11 session.
Nov 6 close: $186.64
Nov 9: -4.27% to 10: -5. $178.67 53% to $168.89
Nov 11 (live): about $175.38, +3.84% vs. the Nov 10 close
Still -6.04% vs. Nov 6, and -13.21% vs. Nov 2 ($202.06)
Volume on Nov 9 and Nov 10 was he 462.6M and 429.2M shares.
What's in the news (allegations are unproven)
After Nvidia's board opened an independent investigation, and has since appointed outside counsel (Wachtell Lipton and Joon H. Kim).
The board says it has "no reason to believe" company secrets or national security were compromised.
Trump said the FBI is looking into it. Sen. Kevin Cramer has called for Huang to resign. Both are political statements, not findings.
A shareholder class action was filed on Nov 9, and its claims are unproven.
Dates to watch
Nov 18: a closed-door House committee briefing has been requested.
Nvidia's quarterly about a week after Nov 10 earnings, reportedly ates from the board's investigation.
One green day doesn't set.
Upd a trend, and headlines can swing the price fast. Is this a relief bounce or the start of a recovery?
Not financial advice. Data is informational only and doesn't guarantee future performance. DYOR.
#MarketUpdate
$NVDAB
After two straight down days, Nvidia is trading higher in the Nov 11 session.
Nov 6 close: $186.64
Nov 9: -4.27% to 10: -5. $178.67 53% to $168.89
Nov 11 (live): about $175.38, +3.84% vs. the Nov 10 close
Still -6.04% vs. Nov 6, and -13.21% vs. Nov 2 ($202.06)
Volume on Nov 9 and Nov 10 was he 462.6M and 429.2M shares.
What's in the news (allegations are unproven)
After Nvidia's board opened an independent investigation, and has since appointed outside counsel (Wachtell Lipton and Joon H. Kim).
The board says it has "no reason to believe" company secrets or national security were compromised.
Trump said the FBI is looking into it. Sen. Kevin Cramer has called for Huang to resign. Both are political statements, not findings.
A shareholder class action was filed on Nov 9, and its claims are unproven.
Dates to watch
Nov 18: a closed-door House committee briefing has been requested.
Nvidia's quarterly about a week after Nov 10 earnings, reportedly ates from the board's investigation.
One green day doesn't set.
Upd a trend, and headlines can swing the price fast. Is this a relief bounce or the start of a recovery?
Not financial advice. Data is informational only and doesn't guarantee future performance. DYOR.
#MarketUpdate
$NVDAB