Nvidia share price plunge has one major explanation
undefined 25, 2024
Just a week ago, Nvidia briefly became the world's most valuable company with a market valuation of $3.34 trillion, surpassing Microsoft. However, a subsequent 13% drop in its share price over the past three trading sessions has wiped out over $500 billion from its market cap. This decline follows a remarkable nine-fold increase in Nvidia's shares since late 2022, driven by profit-taking and a shift of speculative interest elsewhere, notably to companies like Meta Platforms and Apple following reports of potential collaborations in AI.
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