Reported 2 months ago
Nvidia shares plummeted over 6% as the so-called 'Magnificent Seven' stocks collectively lost more than $650 billion in market capitalization. This marks a significant valuation decline, totaling nearly $1.3 trillion over the past three trading sessions. The drop was attributed to various pressures, including a recent antitrust ruling against Google and diminished expectations for Nvidia's upcoming AI chips, which could affect their key clients. The broader market sell-off continues to impact chip stocks significantly.
Source: YAHOO