Nvidia's market value plunges, sending shockwaves through AI stocks. Is the AI bubble bursting? Find out the latest on Nvidia's tumultuous stock journey here!
Nvidia, the tech giant, has seen a drastic decline in its stock value, wiping out over $550 billion in market capitalization. With a 16% drop since last Thursday, Nvidia's reign as the world's most valuable company was short-lived. The chipmaker's shares plummeted by 6.5% on Monday, dragging down the AI stocks as doubts arise about the future of artificial intelligence trading.
The once historic rally of Nvidia stock has now turned into a deep selloff, pushing the company into correction territory. Even after hitting record highs, the sharp decline indicates a turbulent period for the AI-focused chipmaker. As Nvidia's shares continue to fall, concerns grow over the sustainability of the AI market and the potential burst of the AI bubble.
Despite the recent downturn, Nvidia's stock has seen a swift and significant slide, erasing billions in market cap and reshuffling the ranks of top companies. The rollercoaster journey of the tech giant has put Apple and Microsoft back on top, highlighting the volatile nature of the stock market and the constant shifts in market leadership.
As Wall Street reacts to Nvidia's tumble, the impact is felt across various sectors, with chip stocks like Qualcomm and Taiwan Semiconductor Manufacturing also experiencing losses. Even with the Dow Jones Industrial Average moving higher, the turbulence in Nvidia's stock serves as a reminder of the unpredictable nature of the market.
Chipmaker's shares have fallen 16% since Thursday, ending brief stint as world's most valuable company last week.
Nvidia stock's historic rally was doused further Monday, as shares of the artificial intelligence technology dominator are mired in one of their worst ...
Is the AI bubble bursting? The artificial intelligence (AI) trade took a turn for the worse on Monday as Nvidia (NVDA -6.68%) shares dropped as much as ...
Nvidia Corp. shares fell on Monday, with the AI-focused chipmaker entering correction territory as it extends a sharp recent selloff.
By Emily Bary. Three-day slide in Nvidia shares wipes out more than $400 billion in market cap. The swift recent downturn in Nvidia Corp. shares has taken ...
Nvidia shares fell nearly 7% on Monday, extending a sharp decline for the AI chipmaker since the stock hit a record high Thursday.
Nvidia shares are dragging down the Nasdaq as the stock slips from record highs that made it the world's most valuable company.
Another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed, even as the majority of stocks rallied. The S&P 500 slipped 0.3% Monday.
Rival chip stocks including Qualcomm and the US-listed Taiwan Semiconductor Manufacturing dropped more than 2.5 per cent. The index of chip stocks was lower 1.3 ...
The Dow Jones Industrial Average moved higher on Monday while other indexes opened the week mixed. Hot artificial intelligence stocks Nvidia (NVDA) and ...
Abercrombie & Fitch's stock surge is outpacing Nvidia's. The retailer's impressive performance and strategic turnaround under CEO Fran Horowitz have ...
Recent volatility in Nvidia Corp.'s stock is bringing back memories from the start of this century, when companies like Cisco Systems Inc. and Intel Corp.
Nvidia (NVDA) stock entered a correction Monday, after the AI chip maker's shares fell for a third straight day. A correction is typically defined as a ...
Nvidia stock looks to have been hit by fears over a potentially stretched valuation. Companies seen as associated with Nvidia's success also looked to be ...
The "AI darling" has recorded losses for three trading days in a row, waving goodbye to more than $500 billion in market value since last week's peak.