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$600 billion wipeout: Nvidia enters correction territory as slump deepens

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The chipmaker briefly became the world’s most valuable company last week, but its shares have since gone backwards.

Nvidia shares have continued to fall, with the AI-focused chipmaker entering correction territory as it extends a sharp recent selloff.

“NVDA and its AI peers were ripe for a correction after their huge run-up,” said Jane Edmondson, head of thematic strategy at TMX VettaFi.

 

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