Nvidia Corp. shares entered correction territory on Monday, as an ongoing selloff erased a historic amount of value for the AI-focused chipmaker. The stock fell 6.7%, its third straight negative session and biggest one-day percentage drop since April. The three-day drop erased about $430 billion from Nvidia’s market capitalization, the biggest three-day value loss for … Read more
Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500. Nvidia’s stock rose again Wednesday to surpass $3 trillion in market value. The company is also about to undergo a stock split that will give each of its … Read more
Intel slumped over 10% on Friday following a bleak first-quarter revenue outlook, as the chipmaker plays catch-up in the AI race, while also dealing with weak demand in the PC market. Intel was set to lose about $22 billion in market value, if premarket losses hold, based on its share price of $44.39. Its stock … Read more
