Nvidia shares fall for sixth week, market value drops $1.6T

Share

Nvidia shares have experienced a sixth consecutive weekly decline, their longest losing streak since 2012. The chipmaker’s market capitalization has fallen by approximately $1.6 trillion, pushing the company below Apple in overall market value. Investors are questioning the sustainability of Nvidia’s growth amid heightened scrutiny of CEO Jensen Huang’s leadership and a broader reassessment of spending on artificial intelligence infrastructure. Earnings scheduled for November 17, investment guidance from major technology companies and U.S. export restrictions on Nvidia products are expected to influence the stock’s future direction.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items