Reported 3 months ago
Nvidia Corp. experienced unprecedented fluctuations this week, recording a massive $329 billion increase in value, surpassing its previous single-day record. This dramatic 13% surge followed a 7% decline that wiped out over $193 billion from its market cap, highlighting a turbulent trading environment influenced by shifts in investor sentiment towards technology stocks and predictions of Federal Reserve interest rate cuts. As the company navigates these volatile conditions, concerns remain about the long-term returns on heavy investments in AI technology.
Source: YAHOO