Here's why Nvidia stock is down 90%

Owners of Nvidia (NASDAQ: NVDA) stock and attentive investors might be surprised when trading begins on June 10, as the NVDA share price has dropped 90% to $120.89. However, this decline is less alarming than it seems.NVDA stock 24-hour price chart. Source: FinboldThis price readjustment is not a consequence of the stock market crashing down but a part of a preplanned Nvidia 10-for-1 stock split that has been in effect since the market closed on June 7 and was announced at the latest earnings call on May 22 ...