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NVIDIA Breaks Records By Losing $278 Billion In Market Cap Today, And A New Subpoena By The DOJ Only Adds To Investors’ Woes

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NVIDIA

Throughout today's regular trading session, investors continuously tried to determine the primary cause behind the relentless weakness in NVIDIA shares, one that saw the stock plunge by ~10 percent, erasing $278 billion in market capitalization and constituting a new record for any public company. Some pointed to today's release of ISM manufacturing survey, which saw inventories climbing by most since the pandemic-driven disruption. Others pointed to lingering concerns over the company's peaking margins as it ramps up production of the Blackwell chips while still pushing the previous-gen Hopper series of chips through its sales channels. As a refresher, while announcing […]

Read full article at https://wccftech.com/nvidia-breaks-records-by-losing-278-billion-in-market-cap-today-and-a-new-subpoena-by-the-doj-only-adds-to-investors-woes/

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