It's always funny when news sites try their best at the analysis of charts and usually fail horrendously. That being said, let's have a look at CDPR's chart:
And since we are at it, let's have a look at the S&P500:
How about the NASDAQ or FAANG:
If you have a look at all those stocks, it becomes obvious that all of them went significantly down since the start of 2022, the main reason being the rate hikes of the FED to combat inflation. Granted, CDPR is a Polish company and the FED is concerned with the US, but in investment it does not really matter where you live. You can invest in basically any company. So, when the narrative of easy money and easy credit became not so easy any longer, money was moving out of stocks, which also affected and still affects CDPR.
However, where CDPR still is different is that it started dropping before these other stocks and this drop coincides with the release of Cyberpunk 2077 at the end of 2019. Here, I would argue that the reception of Cyberpunk 2077 definitely was a contributing factor, but as other's have pointed out CDPR was already extremely overvalued and in trading there is this saying: "
Buy the hype, sell the news."
. Thus, I would argue that CDPR's stock would have seen a drop after the release of the game, albeit not such a significant one.
Due to the nature of the current market though, I doubt their current valuation would be much different.