Why Braiin Stock Plummeted This Week
Key takeaways
- BRAI ^GSPC ^IXIC NVDA Braiin (NASDAQ: BRAI) stock got crushed this week, sinking 39.6% from where it stood at the end of the previous week's market close.
- Despite the massive size of its valuation pullback this week, there actually doesn't appear to have been any major business-specific news for the company.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
BRAI ^GSPC ^IXIC NVDA Braiin (NASDAQ: BRAI) stock got crushed this week, sinking 39.6% from where it stood at the end of the previous week's market close. The S&P 500 declined 2% over the same stretch, and the Nasdaq Composite was off 4.6%.
Despite the massive size of its valuation pullback this week, there actually doesn't appear to have been any major business-specific news for the company. The stock is now down roughly 61% from market close on the day of its initial public offering (IPO) in February.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »