Jensen Huang's Net Worth Drops Below $100B As Nvidia Stock Plummets 14% Over 3 Sessions After Earnings Fail To Impress Investors
Portfolio Pulse from Shanthi Rexaline
Nvidia's stock has dropped 14% over three sessions despite strong earnings, due to minimal guidance margin and concerns over AI accelerator delays. The stock also faced pressure from DOJ subpoenas over monopoly practices, leading to a historic $300 billion market cap loss in one day.
September 04, 2024 | 8:21 am
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Nvidia's stock fell 14% over three sessions due to minimal guidance margin, AI accelerator delay concerns, and DOJ subpoenas over monopoly practices, resulting in a $300 billion market cap loss.
Despite strong earnings, Nvidia's stock fell due to minimal guidance margin, concerns over AI accelerator delays, and DOJ subpoenas. These factors led to a significant market cap loss, impacting investor sentiment negatively in the short term.
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