CybersecurityUpdated 9h ago

Nvidia loses more than $600 billion in market value since last week

The uncertainty around Huang’s position is unfolding as the AI trade faces a broader crisis of investor confidence, Axios reports. Nvidia lost more than $600 billion in market value from the end of last week through Wednesday’s after-hours session. Separately, its shares were roughly 30% below their recent high at Wednesday’s close. The wider concern is whether the AI buildout can continue as rising interest rates and a saturated market curtail bond sales used to pay for data centers.

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