June 25, 2024
06:40
06:40
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Nvidia shares slide 6.7% on Monday
Nvidia has shed more than 500-billion dollars in market value since briefly becoming the world's most valuable company last week. The chipmaker's shares fell almost 7-percent on Monday, sliding for a third consecutive session. Nvidia's reversal has weighed on the broader chipmaking sector and other tech companies tied to the artificial intelligence boom. The tech-dominated Nasdaq Composite fell 1.1 percent. Nvidia, whose gains alone had been responsible for roughly a third of the S&P 500's increase in 2024, is now down about 16 percent from Thursday's high of $140 dollars 76 cents. It's market value now stands at 2-point-9 trillion dollars.
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