Every NVDA drawdown of 20% or more since April 2012
8 declines, oldest first. Depth is measured on daily closing prices from the prior high. "Back at the high" is the first day the price closed at or above that prior high.
| Peak | Low | Depth | Peak to low | Back at the high | Low to new high | Backdrop |
|---|---|---|---|---|---|---|
| Before April 2012Already 66.9% below its high when our data starts | Nov 16, 2012 | -71.2% | Not shown | Apr 15, 2016 | 1,246 daysabout 3.4 years | — |
| Oct 1, 2018 | Dec 24, 2018 | -56.0% | 84 days | Feb 14, 2020 | 417 daysabout 14 months | Late-2018 selloff |
| Feb 19, 2020 | Mar 16, 2020 | -37.6% | 26 days | May 11, 2020 | 56 days | COVID-19 selloff |
| Feb 16, 2021 | Mar 8, 2021 | -24.4% | 20 days | Apr 13, 2021 | 36 days | — |
| Nov 29, 2021 | Oct 14, 2022 | -66.3% | 319 daysabout 10 months | May 25, 2023 | 223 daysabout 7 months | 2022 rate-hike bear market |
| Jun 18, 2024 | Aug 7, 2024 | -27.0% | 50 days | Oct 14, 2024 | 68 days | — |
| Jan 6, 2025 | Apr 4, 2025 | -36.9% | 88 days | Jun 25, 2025 | 82 days | April 2025 tariff selloff |
| Oct 29, 2025 | Mar 30, 2026 | -20.2% | 152 daysabout 5 months | Apr 24, 2026 | 25 days | — |
Our NVDA data runs from Apr 26, 2012 to Oct 30, 2026. Highs set before that date still count, so a decline that was already under way on the first day is shown from its low in our data and marked as such. Days are calendar days. The backdrop column names a period only where both the peak and the low fall inside a very well-known market episode.
What the history shows
- -The deepest decline was 71.2%, reaching its low on Nov 16, 2012 after a decline that began before our data.
- -The fastest 20%+ fall took 20 days (24.4%, February 2021 to March 2021).
- -Completed recoveries took a median of 75 days from trough to a new high, ranging from 25 days to 1,246 days (about 3.4 years).
- -Every 20%+ decline in our data had recovered to a new high as of Oct 30, 2026.
A fall of 20% or more from a high is the usual rule of thumb for a bear market, and single stocks have them far more often than broad indexes. These figures describe what happened to NVDA in the past. They do not predict what comes next and are not advice to buy or sell. Learn more in What Is a Drawdown? and Drawdowns vs Corrections vs Bear Markets.
Frequently Asked Questions
What is NVIDIA's worst drawdown since April 2012?
The deepest decline in our data, which starts in April 2012, took NVIDIA 71.2% below its prior high, with the low on Nov 16, 2012. That decline was already under way when our data begins (NVDA was 66.9% below its high on the first day), so its starting peak is not shown. The stock closed back at its prior high on Apr 15, 2016, 1,246 days (about 3.4 years) after the trough.
How many times has NVDA fallen 20% or more?
In our data, which runs from April 2012 to Oct 30, 2026, NVIDIA (NVDA) has had 8 drawdowns of 20% or more, and 5 of them reached 30% or more. That is 8 episodes in about 15 years of data. The first one was already under way when the data starts, so it is counted from the low shown in the table rather than from its original peak.
How long does NVDA take to recover from a 20% drawdown?
Measured from the trough to the first close back at the prior high, NVIDIA's completed 20%+ drawdowns took a median of 75 days. The quickest was 25 days (October 2025 to March 2026) and the slowest was 1,246 days (about 3.4 years) (the decline that bottomed in November 2012). Past recovery times describe what happened, not what will happen next.
How far is NVDA below its high right now?
As of Oct 30, 2026, NVIDIA (NVDA) is 15.1% below its high, and has been below it for 18 days. This page is rebuilt from our daily data, and the live figure is on the NVDA ticker page.
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