Nvidia Corp. shares can go down in value during September, just like all other stocks.
Based on percentage changes, September is usually the worst month for Nvidia shares NVDA -9.53% and most big stock indexes. Dow Jones Market Data shows that Nvidia shares have lost 2.35 percent on average in September. The S&P 500 SPX has lost 2.1 percent, and the Nasdaq Composite COMP has lost 3.2 percent.
Another bad sign for Nvidia’s stock is that it has been falling sharply since April, and this drop could last until the end of the month. The stock has dropped about 20% since its all-time high of $135.58. This is because investors are worried about how Nvidia’s margins will do in the future and whether the company can keep up its big beats.
Nvidia shares have lost an average of 13% each of the last three Septembers. But Nvidia stock had been going up for six Septembers in a row before that.
When buyers look at how the stock usually falls, there are some good things that can happen. In terms of total performance, September may be the worst month for the stock, but it is more likely to go up than down during that month. Since Nvidia went public in January 1999, its shares have gone up 14 times, or 7.6% on average, in the 25 Septembers since then.
But each of the eleven times the stock has gone down, it has gone down by a much stronger 15%.
Another interesting fact about Nvidia’s September performance is that the monthly close was the lowest of that year three times when the company’s stock went down for the month.
In general, things get better for Nvidia shares between September and December. The stock has gained an average of 10.8% each of the next three months of the year. It did especially well in November, which has generally been Nvidia’s best month of the year. For the S&P 500, November is only the fifth-best month of the year. It is also the fourth-best month for the Dow Jones Industrial Average DJIA -1.51% and the second-best month for the Nasdaq.
