Nvidia has lost nearly $1.4 trillion since its October record
FROM THE WIRE · FINANCE.YAHOO.COM
Nvidia (NVDA) is on track for its fifth straight losing week, and the slide since its October record has now erased nearly $1.4 trillion in market value. Thursday did a lot of the damage. At its morning low, Nvidia was down more than 9%, knocking nearly $450 billion off its…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA slide in a mega-cap like Nvidia and in the semiconductor sector can weigh on the whole tech segment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Nvidia is on track for its fifth straight losing week.
- 02At its morning low the stock was down more than 9%, erasing nearly $450 billion in value.
- 03AMD, Micron and Arm post steep double-digit losses, while Broadcom and TSMC fall near 10%.
- 04The PHLX Semiconductor Index is more than a third below its June record.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA Corporation182.08 USD-2.17%today -9.02%Negative Advanced Micro Devices, Inc.411.54 USD-2.15%today -15.80%Negative Micron Technology, Inc.674.17 USD-3.37%today -15.22%Negative Broadcom Inc.296.48 USD-2.03%today -8.91%Negative Taiwan Semiconductor Manufacturing Company Limited357.71 USD-0.14%today -9.61%Negative PHLX Semiconductor Index9,207.35-0.28%today -10.34%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets