$NVIDIA Corp(NVDA)$ I was excited yesterday but the dive by $3 in pre market set the tone. Every time it looks to recover, the gains are wiped off and then some. Fear it is heading downwards for the near future and unclear when it truly reverses. It's lost its momentum and mojo.
the stock split was a very smart move. The lower price, though cosmetic has brought in more retail traders. People constantly expecting a pullback aren't taking into account this new buying pressure which in turn leads to FOMO and more buying pressure.