Nvidia's Shocking $279 Billion Market Value Loss Is Just The Tip Of The Iceberg As Stock Performance Hints At Unpredictable Future
Portfolio Pulse from Zaheer Anwari
Nvidia's market value plummeted by $279 billion following disappointing quarterly results, causing a 2.1% drop in the S&P 500. Despite a 44% recovery from August lows, Nvidia's stock struggles to surpass $130, with recent declines bringing it near a key support level of $100.
September 04, 2024 | 4:22 pm
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Nvidia's stock experienced a significant $279 billion market value loss after its quarterly results failed to meet expectations. The stock is now near a key support level of $100, following a 17% drop in recent days.
Nvidia's disappointing earnings report led to a massive market value loss, causing significant stock price volatility. The stock's inability to break key resistance levels and its proximity to a psychological support level suggest potential further declines.
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