Nvidia, once the world’s most valuable company, has lost over $500 billion in market value in recent days, with shares falling nearly 7% on Monday. Despite surpassing Microsoft and Apple in value, the tech giant has fallen to third place. Concerns about Nvidia’s impact on the S&P 500 have grown, with some analysts warning of a potential market decline if the company continues to falter. CEO Jensen Huang’s recent stock sales have added to the uncertainty, with comparisons drawn to the fate of Cisco during the dot-com bubble. This has led to broader losses in the chipmaking sector and a decline in the Nasdaq Composite, while the S&P 500 closed down 0.3%. Despite these challenges, some experts see Nvidia’s sell-off as a positive development that could help prevent a tech stock bubble from forming.
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https://www.ft.com/content/7332b1f8-cf7c-4bfa-82f4-88d0deb23f98
Nvidia’s market value drops by over $550 billion as shares decline
