Nvidia stock undergoes correction as selloff intensifies, lowering AI chip giant’s market cap to under $3 trillion.
NVIDIA Corp. shares fell by 4.8% on Monday, pushing the AI-focused chipmaker into correction territory after a three-day decline, resulting in a total drop of 12%. This decline also affected other chipmakers, with the Philadelphia Stock Exchange’s semiconductor index falling by up to 2.2%. Companies like Broadcom Inc., Semiconductor Manufacturing in Taiwan Co., and Qualcomm … Read more