NEW YORK – Shares of semiconductor giant NVIDIA Corporation (NVDA) experienced a sharp decline in early trading today shortly after the market opened. As of 9:54:17 AM EDT, the stock was trading significantly lower at 6.65, or 5.93%, for the session.
This sharp downturn represents a considerable gap from NVIDIA’s previous closing price of $112.20. The market opened with NVDA priced at $104.55, and early trading saw the stock moving within a day’s range of $104.35 to $106.79, according to the latest available data.
The volatility comes amidst significant trading activity. Volume shortly after the open had already surpassed 64 million shares, indicating strong investor interest and reaction to the price movement. This is compared to an average daily volume of approximately 309 million shares.
Despite the sharp intraday drop, NVIDIA’s current price remains well above the lower end of its 52-week range ($75.61 – $153.13). The company maintains a massive market capitalization, listed as $2.576 Trillion (intraday).
While the stock faces immediate downward pressure, the 1-year target estimate provided stands significantly higher at $166.33. Other financial metrics noted include a P/E ratio (TTM) of 35.90 and an EPS (TTM) of 2.94. The stock offers a minimal forward dividend yield of 0.04%.
The noticeable dip in NVDA’s share price at the start of the trading day highlights significant early session movement for the closely watched tech stock.
