With AI stocks struggling, will Nvidia bounce back to close 'up' next week? Down 17% from its high.
59% of users predicted YES — the community got this one right. 34 predictions cast.
Nvidia shares, which had fallen roughly 17% from a May 14 all-time high near $236.54 amid a broader AI-infrastructure selloff, joined a market-wide relief rally that lifted the stock for the week. On Monday, June 29, the Nasdaq Composite jumped 2.07% and the S&P 500 gained 1.18% to a record close as investors rotated back into beaten-down technology and semiconductor names; the VanEck Semiconductor ETF rose more than 3% and Nvidia recovered from an early slide to trade higher on the day. The rebound reflected renewed confidence that AI infrastructure spending remained intact despite recent worries over falling GPU cloud-rental prices and questions about whether heavy AI capital expenditures would pay off. Gains narrowed later in the week as tech names pulled back following a weaker-than-expected June jobs report on Thursday, July 2, but the early-week advance was enough for Nvidia to close the week up, as the question required. Fifty-nine percent of the Predict Six community had predicted the bounce-back, and the outcome matched that expectation.