The S&P 500 has gone on to gain 13.6% on average over the following 12 months after notching a reading as low as it is now.

The gains weren't limited to stocks, though, with gold futures closing above the $3,000 per ounce mark for the first time.

It’s surprising that Nvidia (NVDA) stock, once soaring to new heights, is now facing pressure. Despite surging demand for its GPUs, which are powering the artificial intelligence (AI) revolution — especially in the booming data center market — the stock has taken a hit.