Nvidia (NVDA) Shares Suddenly Drop After This Tweet

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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.

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