📰 Nvidia Stock Wipes Out $500 Billion in Three-Day Selloff
Nvidia’s stock plunged 16% in just three trading sessions, erasing over $500 billion from its valuation, now at $2.9 trillion. The selloff, part of a broader tech decline, saw major companies like Amazon and Microsoft also dip. Analysts attribute the drop to profit-taking and market rotation. Nvidia, which significantly boosted the S&P 500's growth this year, now faces ongoing volatility and uncertainty in price discovery.
