Nvidia, a leading AI chip manufacturer, has experienced an unprecedented three-day loss, with a staggering $US430 billion ($646 billion) wiped from its market value.
This drastic decline followed the company’s brief reign as the most valuable company in terms of market capitalisation, surpassing Microsoft just last week.
The chip giant’s shares plummeted 13% over the course of three days, causing its market value to drop precipitously.
Despite this sharp decline, Nvidia’s share price has still managed to rise nearly 11% over the past month, currently sitting at $US118.11, down from its peak of $US135.58.
This record-breaking loss marks a significant setback for Nvidia, but the company remained a major player in the tech industry.
Boluwatife Enome
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