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04-09-2024, 08:23 AM
The equivalent of the entire value of energy giant Chevron
Four weeks after US stocks buckled amid a global flight from risk assets, chipmakers touched off another bout of equities selling when a pair of industry analysts rekindled worries that the mania surrounding artificial intelligence had gone too far.
Nvidia shares tumbled 9.5 per cent, wiping out $US278.9 billion ($415.5 billion) in the biggest loss of value ever for a US stock. It meant Nvidia’s market capitalisation dropped by the equivalent of the entire value of energy giant Chevron in one day.
https://www.theage.com.au/business/marke...5k7o9.html
Four weeks after US stocks buckled amid a global flight from risk assets, chipmakers touched off another bout of equities selling when a pair of industry analysts rekindled worries that the mania surrounding artificial intelligence had gone too far.
Nvidia shares tumbled 9.5 per cent, wiping out $US278.9 billion ($415.5 billion) in the biggest loss of value ever for a US stock. It meant Nvidia’s market capitalisation dropped by the equivalent of the entire value of energy giant Chevron in one day.
https://www.theage.com.au/business/marke...5k7o9.html
