Nvidia (NVDA) Shares Suddenly Drop After This Tweet

Nvidia shares took a steep drop on Wednesday after Citron Research tweeted that they believe the stock is going to go back to $90 next year.

The tweet read: Citron readers know we have long been fans of $NVDA,but now the mkt is disregarding headwinds. In 2017 we will see $NVDA head back to $90

Shares fell almost 7% to $109.27 but saw some recovery hitting $112.95 in midday training.

Shares of the stock are up more than 240% this year and is the No. 1 performer in the S&P 500.

Nvidia declined to comment on Citron Research’s tweet.

Disclaimer: We have no position in NVIDIA Corporation (NASDAQ: NVDA) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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