Nvidia suffers record $279 billion loss in market value as Wall St drops

Shares of AI heavyweight Nvidia , opens new tab tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data.

Nvidia lost $279 billion in market capitalization, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains. "Powell Pivot Is Complete": Gold, Stocks, Bitcoin, & Bonds Surge As Fed Chair Says "Time Has Come For Policy To Adjust"that highlights survey data on topics on which Americans largely agree. Its goal is to correct political misperceptions, highlight common ground, and help people feel calmer and more united.

"think that the federal minimum wage of $7.25 an hour is not enough for the average American worker to have a decent quality of life." Grim new survey shows how California Gov. Gavin Newsom's $20-an-hour minimum wage for fast-food workers has helped tank the industry

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Nvidia's $279 billion wipeout — the biggest in U.S. history — drags down global chip stocksGlobal semiconductor and associated stocks fell on Wednesday, following a steep plunge in Nvidia’s share price in the U.S. overnight.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Nvidia $279 billion wipeout — the biggest in U.S. history — drags down global chip stocksIn the U.S., chipmaker Nvidia plunged more than 9% in regular trading, leading semiconductor stocks lower amid a sell-off on Wall Street.
Source: nbcsandiego - 🏆 524. / 51 Read more »

Wall Street analysts say buy the post-earnings dip in Nvidia sharesInvestors may want to consider using the weakness in Nvidia to scoop up shares, according to some Wall Street analysts.
Source: CNBC - 🏆 12. / 72 Read more »

Asian chip stocks fall after Nvidia sell-off on Wall Street overnightIn the U.S., chipmaker Nvidia plunged more than 9% in regular trading, leading semiconductor stocks lower amid a sell-off on Wall Street.
Source: nbcchicago - 🏆 545. / 51 Read more »