Nvidia Stock Tumbles, Market Value Plunges Over $150 Billion

Shares of Nvidia, the prominent artificial intelligence technology company, experienced a significant decline, with the stock plummeting over 5% to reach its lowest point since June.

This downward trend follows consecutive days of losses, pushing the total drop from its recent record high close to nearly 12%.

The market capitalization of Nvidia has witnessed a remarkable dive of over $150 billion during this rough patch, a figure exceeding the entire valuation of Exxon Mobil.

Notable tech giants like Apple and Microsoft continue to retain higher market capitalizations than Nvidia despite the recent dip.

The founder and chief executive of Nvidia, Jensen Huang, saw a substantial decrease in his wealth as a result of the company’s stock decline.