Rolling coverage of the latest economic and financial news
Chipmaker Nvidia led the selloff yesterday, slumping by 9.5% – that wiped $279 billion off its market capitalization, the largest one-day drop in history for a US company.
This selloff suggested that the boom in AI stocks was fading.
“Nvidia wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them.”