Reported 8 months ago
Nvidia, the leading AI chip designer in the US, saw its stock price plummet nearly 6.7% on Monday, with a total market value evaporating approximately 14 trillion New Taiwan Dollars in the past 3 trading days, marking the largest market value decline for a single company within 3 days in history. Analysts attributed the decline to a bearish trend in Nvidia's recent trading activity and concerns over the rapid rise in stock prices. Despite the significant drop, Nvidia's stock has surged over 140% this year, ranking second in the S&P 500 index components, only after another AI stock, Super Micro Computer Inc.
Source: YAHOO