It seems reality is finally catching up with Nvidia (NVDA), which has seemed unstoppable since artificial intelligence euphoria began in 2023. The stock, which gained almost 240% in 2023 and 171% in 2024,

Nvidia (NVDA) stock advanced on Friday as buyers rushed in to purchase oversold stocks. NVDA stock initially declined after the chip maker reported stronger-than-expected fourth-quarter results and provided 2025 sales guidance that was also above analysts’ average estimate.

Nvidia stock was rising early Wednesday as it continued to pare back some of its recent losses—but more big swings could be ahead. Shares in the chip maker rose 2.2% to $111.11 in premarket trading, having closed the previous session up 1.