Nvidia faced a $279 billion single-day market value loss and 9.5% shares drop amid investor concerns about AI sustainability.
Nvidia faced a historic $279 billion loss in market value, marking the largest single-day decline for a U.S. company, following a 9.5% drop in its shares. This selloff occurred amid broader market downturns and waning investor confidence in AI, spurred by recent disappointing economic data. The significant decline reflects increasing caution among investors regarding the sustainability of AI-driven stock market gains.
September 04, 2024
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