Nvidia's $NVDA 30-day stock volatility is now at its highest level since 2022. The shares of the world's third-largest company are trading like penny stocks.

This comes after the stock surged 43% in the first three weeks of August and then dropped 18% in the following week.

Now, the chipmaker has lost a staggering $650 billion in market capitalization since its peak in June.

In the last three months, $NVDA has experienced six swings of 15% or more in either direction.

For comparison, in the first quarter of 2022, the stock saw four swings of at least 20%.

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