26 June 2024

Nvidia suffers biggest loss in world history after $646 billion bloodbath: ‘This is a concern’

By Redoy K

Nvidia, the AI and microchip giant, has experienced the largest three-day stock value loss in history, dropping 13% or $646 billion. This follows its recent rise to become the world’s most valuable company. The decline includes a 6.7% fall on Monday, the biggest single-day drop since April. Analysts suggest investor fatigue with AI hype or concerns about index concentration may be contributing factors. Source: BBC