Nvidia Stock Drops 12.6% in June; Launches GPU Cloud Pilot
NVDA•NVDA•NVDA•NVDA•Nvidia’s share price fell 12.6% in June and is down 17% from May’s record $235.74 high, its seventh 15%-plus pullback in five years despite an 851% five-year gain. Nvidia is also piloting a GPU cloud service for AI startups, aiming to monetize unused compute capacity.
Nvidia’s share price fell 12.6% in June and is now 17% below the May all-time high of $235.74. This marked the seventh time in five years that the stock has experienced a pullback exceeding 15%.
Despite these selloffs, Nvidia has rallied sharply afterward, delivering an 851% gain over the past five years. Sudden rebounds following 15%-plus declines have become a recurring pattern for the stock.
Nvidia is piloting a new cloud service that offers its GPU compute capacity to AI startups. The program aims to monetize idle data-center resources by charging usage fees for GPU hours.
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