Nvidia is trading like a penny stock; here's why

Despite a massively positive momentum it experienced this year, which has culminated with a new all-time high (ATH) price of $135.58 in June, Nvidia (NASDAQ: NVDA) has been behaving unusually in recent days, with significant price swings reminiscent of a penny stock.Specifically, since its after-hours low on July 30, Nvidia has added $380 billion in its market capitalization in just 18 hours, shortly after erasing $1 trillion over the past five weeks, as per the observations by global capital markets commen ...