Thu Sep 05 12:18:31 UTC 2024: – Nvidia, a chipmaker powering the artificial intelligence revolution, experienced a global market sell-off with a $297 billion loss in value on Tuesday
– Factors contributing to the sell-off include concerns about AI investments, skepticism about the payoff from AI, and economic warning signals
– Nvidia’s stock price has more than doubled in 2024 but experienced volatility with large swings
– Nvidia’s stock remains one of the most volatile on the market, with investors focusing on locking in gains and institutional investors taking a more sober view
– The stock price decline is not a death blow for Nvidia, which has seen significant growth in 2024 and the tech-heavy Nasdaq index remains higher

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