Nvidia stock prices have fallen to record lows in the past week, but that’s not the only reason they’ve been so low.
In a post on its investor website, Nvidia posted that its stock price has fallen below $49 a share for the first time since the stock first hit $49 in September.
“The market has lost faith in the future and the future is now,” Nvidia CEO Jensen Huang wrote.
“We have to be careful what we say to ourselves, our customers, and the rest of the world about the future.”
The stock has fallen over 50% in value over the past two years.
That’s the biggest drop since it hit a record high of $74.76 a share in mid-2017.