Global semiconductor and associated stocks fell on Wednesday, following a steep plunge in Nvidia's share price in the U.S. overnight.
On Tuesday, around $279 billion of value was wiped off of Nvidia. That was the biggest one-day market capitalization drop for a U.S. stock in history. Nvidia shares continued sliding in post-market trading Tuesday, falling 1.5%, after Bloomberg reported that the company received a subpoena from the Department of Justice as part of an antitrust investigation.People walk past the logo of Samsung Electronics in Seoul on July 7, 2022.
Nvidia's value chain extends to South Korea, namely, memory chip maker SK Hynix and conglomerate Samsung Electronics.declined more than 5%. TSMC manufactures Nvidia's high-performance graphics processing units which power large language models — machine learning programs that can recognize and generate text.Nikkei and Taiex plunge 4%, leading losses in Asia after Wall Street plummets on weak U.S.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria 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 stock slips even after earnings top Wall Street estimates, demand for AI chips surgesNvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than impressed.
Source: KTVU - 🏆 465. / 53 Read more »
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgesNvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to tra…
Source: denverpost - 🏆 13. / 72 Read more »
Nvidia stock slips despite 2Q earnings topping Wall Street estimates, high AI chip demandNvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia's place as the poster child of the artificial intelligence boom — but investors seemed less than impressed.
Source: KPIXtv - 🏆 443. / 53 Read more »
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgeNvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to tra…
Source: denverpost - 🏆 13. / 72 Read more »