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

📆 25/06/2024 05:12:00
📰 Cointelegraph

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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

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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.
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