Nvidia Corporation saw a significant increase of over 6% on Tuesday after experiencing a loss of $550 billion in market value since June 20. Despite this, the company has managed to bounce back to a market capitalization of $3.10 trillion, making it the third most valuable corporation behind Microsoft and Apple. Concerns have arisen about Nvidia’s impact on the S&P 500 Index, with analysts noting that a significant selloff could potentially trigger a broader market decline. The company’s stock fell 4% on Monday following news that CEO Jensen Huang had sold nearly $95 million worth of stock before its rise to the top of the value chart. This has had a ripple effect on the chip manufacturing sector, with related indexes experiencing declines as well. On Tuesday, technology-focused ETFs saw gains, indicating potential for the tech sector to rebound.
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https://www.benzinga.com/top-stories/24/06/39490865/nvidia-rebounds-over-6-after-550b-market-cap-loss
