News Formal

AI tokens rally as NVIDIA slumps 13% from market cap peak

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Nvidia’s 11.08% decline over the past trading week, along with concerns about insider sell-offs, did not appear to affect the prices of several major AI crypto tokens.

Despite Nvidia, one of the most talked-about stocks of the year, sharply falling in price, artificial intelligence crypto tokens are spiking.

Nvidia, which produces computer chips that many AI companies use to run their AI models, saw its stock price decline 11.08% over the past five trading days, according to Google Finance Nvidia’s stock decline came amid concerns over its president, Jensen Huang, along with other executives, selling off a significant amount of shares in recent times.filing

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia slides 13% in three days after briefly becoming most valuable companyNvidia shares fell 6.7% on Monday, the chipmaker's third down day in a row, and the stock is now down 13% from its peak last week.
Source: CNBC - 🏆 12. / 72 Read more »