Just 5.5% per day.
We didn’t have to wait until the second half of March to observe a correction in the price dynamics of NVIDIA shares, which yesterday fell in price by 5.5% to $875.25 per share. According to Bloomberg, for these shares this decline was the largest in more than nine previous months. This correction reduced the company's capitalization by $130 billion, becoming one of the largest in the history of the American stock market.
Image Source: NVIDIA
The day before, Bloomberg published analysts' arguments that if NVIDIA's share price continues to grow at its current rate, the company could, in the foreseeable future, think about splitting shares to make them more accessible to private investors. However, current approaches to exchange trading allow private investors to buy fractional shares of shares, so the so-called “split” is already losing relevance.