The drop in Nvidia shares today is the largest-ever destruction of market cap ...Middle East

Shares of Nvidia fell 9.5% today as the market frets about slowing progress in AI.There were worries last week after earnings but shares of Nvidia steadied after nearly a dozen price target boosts from analysts. But that would only offer a temporary reprieve as a round of profit-taking hit today and snowballed.The result was a decline of $278 billion, which is the worst ever market cap wipeout from a single stock in a day. This article was written by Adam Button at www.forexlive.com.

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Last updated : 03 September 2024 clock 11:05 PM

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The drop in Nvidia shares today is the largest-ever destruction of market cap ...Middle East

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