Source: Golden Ten Data
Despite a significant rise after the release of the new Blackwell chip, Nvidia's stock price declined for two consecutive days.
$NVIDIA (NVDA.US)$It has reaped earnings after the launch of the new Blackwell chip, but the stock is likely to lose some momentum as retail investors look for more volatile stocks.
As the market is still digesting news released at last week's Nvidia developer conference, the stock doesn't have much of a new catalyst.
This means retail traders are likely to shift their attention away from Nvidia, at least in the short term$Reddit (RDDT.US)$und$Trump Media & Technology (DJT.US)$Wait for companies to grab headlines.
Steve Sosnick (Steve Sosnick), chief strategist at Interactive Brokers, said, “Although current monetary conditions are not easy, it is clear that we have always been in a market driven by momentum. Some of this momentum has spread from companies that have grown significantly recently (such as Nvidia) to companies where profit growth is far from guaranteed, and this should not be a big surprise.
For Nvidia, this isn't necessarily a bad thing, because it means that if the market becomes more pessimistic, it will be better able to support it. If Nvidia really wants to get a share of the new “meme stock” craze, then the obvious solution is to split stocks, which can make its shares more attractive to retail investors. So far, however, there are no signs that such a move will occur.
editor/tolk