Nvidia's stock heads for biggest drop in over a year and biggest market-cap loss ever
Nvidia Corp. is about to report another set of blowout results Wednesday, but Wall Street has come to expect that more and more from the chip giant.Perhaps that’s why Nvidia’s stock NVDA, -4.82% was sliding toward its worst day in over a year heading into the report. Shares were down 6.2% in Tuesday afternoon action and on track to log their largest single-day percentage decline since Dec. 27, 2022, when they lost 7.1%.Nvidia was on pace to shed $112 billion in market capitalization on the day, which would ...