Nvidia Stock Hasn't Set a Record in 4 Months. History Says These Stalls Have Ended 2 Ways.

Key Points Nvidia's last record close was $235.74 on May 14, and shares sit about 9% below that level as of this writing. Since 2016, seven droughts of 60 or more trading days either ended at new highs by about day 120 or stretched into multiyear bear markets. The latest quarterly report showed revenue growth accelerating for a fourth consecutive quarter, reaching 106%. 10 stocks we like better than Nvidia › Nvidia (NASDAQ:NVDA) hasn't closed at a record high since May 14, when the stock finished at $235.74. That was 87 trading days ago, about four months. Shares now sit near $215 as of this writing, about 9% below that mark. Droughts like this aren't new for the artificial intelligence (AI) chip giant, though.