Nvidia, the AI chip designer, has witnessed a significant decline in its market value, with over $500 billion lost in the biggest three-day value drop in history. Short sellers have profited nearly $5 billion from the stock's 13% slump and $430 billion market capitalization loss since June 18. Despite a 16% fall in shares from Thursday to Tuesday, Nvidia rebounded over 6% on Tuesday, regaining some of its losses. After being the world's largest company, Nvidia now ranks third behind Microsoft and Apple, following a $646 billion market cap wipeout.
After becoming the world’s largest company last week, #Nvidia is now sitting in the #3 spot behind Microsoft and Apple. In fact, it just suffered the biggest three-day loss in market value history, wiping out $646 billion in market cap.
$NVDA | Nvidia Rebounds Over 6% After $550B Market Cap Loss Nvidia's shares have gained over 6% on Tuesday after after falling 16% since Thursday. Company's fall from Thursday to Tuesday has weighed on the broader chipmaking sector.
#Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer's sharp selloff. The company's stock has slumped 13% and lost $430 billion in market capitalization since June 18
#Nvidia #shortsellers make $5 billion from three-day #selloff, data shows https://t.co/gbgQc0BQcp
Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer's sharp selloff. The company's stock has slumped 13% and lost $430 billion in market capitalization since June 18 https://t.co/HhFJ3j0NI4 https://t.co/RpSUeQwTRo
Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer's sharp selloff. The stock has slumped 13% and lost $430 billion in market capitalization since June 18 https://t.co/JVY7rD6EJQ https://t.co/ggrya7deTp
Nvidia sees over $500 billion wiped off value after shares slide—the biggest three-day value loss for any company in history. https://t.co/UHrUQDgMuG