NVDA drawdown: 12.2% below the all-time high
NVIDIA Corporation (NVDA) is 12.2% below its all-time high, set May 14, 2026 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1999).
- Below all-time high
- −12.2%
- 87.8% of ATH
- All-time high
- $235.7
- May 14, 2026
- Time below the high
- 2 mo
- since May 14, 2026
- Worst-ever drawdown
- −89.7%
- Oct 9, 2002
- Longest underwater
- 8.6 yrs
- between all-time highs
- Today's level first reached
- Oct 29, 2025
- 9 mo ago
- Last time this deep
- Apr 7, 2026
- in a previous episode
% of all-time high since 1999#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of NVDA, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jan 3, 2002 | Oct 9, 2002 | −89.7% | 9 mo | Nov 13, 2006 | 4.9 yrs |
| Oct 17, 2007 | Nov 20, 2008 | −85.1% | 13 mo | May 13, 2016 | 8.6 yrs |
| Jun 21, 2000 | Dec 21, 2000 | −67.8% | 6 mo | Apr 20, 2001 | 10 mo |
| Nov 29, 2021 | Oct 14, 2022 | −66.4% | 10 mo | May 25, 2023 | 18 mo |
| Oct 1, 2018 | Dec 24, 2018 | −56.1% | 3 mo | Feb 14, 2020 | 16 mo |
| Mar 13, 2000 | Apr 14, 2000 | −53.9% | 32 days | Jun 16, 2000 | 3 mo |
| Jun 7, 2001 | Oct 2, 2001 | −51.9% | 4 mo | Nov 6, 2001 | 5 mo |
| Feb 19, 2020 | Mar 16, 2020 | −37.6% | 26 days | May 11, 2020 | 3 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1999: how far NVDA stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: NVDA is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is NVDA from its all-time high?
- NVDA is currently 12.2% below its all-time high, set May 14, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest NVDA drawdown ever?
- The deepest decline on record in our data (since 1999) took the stock 89.7% below its prior high, bottoming Oct 9, 2002. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1999 (split-adjusted). "All-time" means since our price data begins — NVDA may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.