Find out why Nvidia's stock has taken a nosedive, wiping out billions in market value and shaking up the tech industry.
Nvidia, the chipmaker giant, has been on a wild ride recently as its shares plummeted, erasing over $550 billion in market value. Just last week, Nvidia briefly held the title of the world's most valuable company, only to see its market capitalization drop by 16% since Thursday. This rapid decline has put Nvidia's valuation at around $2.9 trillion, lagging behind tech giants like Microsoft and Apple.
The sharp downturn in Nvidia's stock price has sent shockwaves through the market, with the chipmaker entering correction territory in less than a week after reaching record highs. The AI-focused company's shares have struggled, dragging down other artificial intelligence stocks with it. Questions loom over the future of the AI industry as Nvidia's stock continues to slide, leading to concerns of a bursting bubble.
Investors are closely monitoring Nvidia's stock performance, with the company facing a deepening selloff that has put its AI dominance at stake. As Nvidia grapples with the repercussions of its market cap shedding over $500 billion, comparisons are drawn to past tech giants like Cisco and Intel, sparking fears of a similar fate for Nvidia.
On the bright side, amid Nvidia's turmoil, Abercrombie & Fitch's stock has surged, outpacing the chipmaker's performance. The retail giant's strategic turnaround under CEO Fran Horowitz has impressed investors, showcasing a contrasting trajectory to Nvidia's challenges. As market volatility continues, the tech industry eagerly awaits Nvidia's next move and whether it can weather the storm to reclaim its former glory.
Chipmaker's shares have fallen 16% since Thursday, ending brief stint as world's most valuable company last week.
The chipmaker has since given back the crown with its market capitalization at around $2.9 trillion, below Microsoft's and Apple's (AAPL) valuations of more ...
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 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 shares are dragging down the Nasdaq as the stock slips from record highs that made it the world's most valuable company.
Nvidia Corp. shares fell on Monday, with the AI-focused chipmaker entering correction territory as it extends a sharp recent selloff.
Abercrombie & Fitch's stock surge is outpacing Nvidia's. The retailer's impressive performance and strategic turnaround under CEO Fran Horowitz have ...
When investing expert Mark Rogers has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for nearly a ...
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 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.
Sky's Ian King explains why last week's darling of the market has suddenly fallen down the pecking order, with the stock entering so-called correction ...
Shares of the AI company are down 13% in just a week, erasing more than $428 billion in market value. That's more than what 96% of the stocks in the S&P 500 are ...
Nvidia has lost its briefly worn crown as the world's most valuable listed company after its stock plunged almost 13% in the past week.
Other market watchers suggested that investors may be harvesting some of their gains from the huge run-up in Nvidia and other A.I.-related stocks. (Huang sold ...
With advanced AI still in its early stages, it is normal for stocks to have short-term and aggressive volatility.