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There's one big reason behind Nvidia's plunge in value
NVDANvidia(NVDA) Sky News·2024-06-25 18:58

Just one week ago, Nvidia became the world's most valuable company.The chipmaker - whose shares had risen nine-fold since the end of 2022 - overtook Microsoft as its stock market valuation reached 3.34trn.Sincethen,theshareshavefallenby133.34trn. Since then, the shares have fallen by 13%, declining in each of the last three trading sessions.That has been enough to clip more than 500bn from Nvidia's stock market valuation reached when, last Thursday, the shares hit an all-time intra-day high of $140.76 each (taking into account the 10-for-one sha ...