From soaring to stunning drops, Nvidia's market volatility and retail investor frenzy revealed
The tech world witnessed a whirlwind as Nvidia's shares plummeted, wiping out a staggering $816 billion in market value. Last week, Nvidia briefly held the title of the world's most valuable company, surpassing Microsoft, but a 5% drop on Monday changed the game. Despite a remarkable nine-fold increase in share prices since the end of 2022, Nvidia experienced a significant correction, inspiring retail investors to seize the opportunity and buy the dip. The chipmaker's explosive growth, often associated with AI solutions, faced scrutiny as businesses were warned not to buy into the illusion that AI is a one-size-fits-all problem solver.
Nvidia has lost $500 billion (NZ$816b) in market value since briefly becoming the world's most valuable company last week , as its shares fell 5% on Monday.
The chipmaker - whose shares had risen nine-fold since the end of 2022 - overtook Microsoft as its stock market valuation reached $3.34trn (ยฃ2.63bn). Since ...
The megacap tech stock entered correction territory this week โ and individual investors took advantage of the discount.
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The Nasdaq rallied 1.3% on Tuesday, buoyed by strength in Nvidia and other tech megacaps, while the Dow slipped as retailers weighed and investors waited ...
A rebound for Nvidia propped up a weakened Wall Street. The Standard & Poor's 500 rose 0.4% while the Nasdaq composite leaped 1.3%.
Australian shares are poised to fall, tracking losses in Europe and the Dow Jones in New York. Nvidia snapped a three-day rout and lifted both the S&P 500, ...
A rebound for Nvidia is propping up a weakened Wall Street and keeping U.S. stock indexes close to their records.
Nvidia Corp. shares snapped back with a vengeance on Tuesday after a three-session slide that carried them into correction territory.
Neuberger Berman Group's Steve Eisman is long on Nvidia. HECTOR RETAMALโAFP via Getty Images. A $430 billion sell-off over the past three trading days ...
Nvidia shares ended 6.8% higher at $126.09 apiece on June 25 after losing 13% from June 18 close of $135.58. The drop followed a rally in Nvidia shares seen ...
(Bloomberg) -- A $430 billion sell-off earlier this week in artificial-intelligence darling Nvidia Corp. was no more than a blip to Neuberger Berman Group's ...