Nvidia Drops Nearly 10% to Under $100 Amid Broader Semiconductor Sell-Off 📉
Nvidia's stock plunges nearly 10%, dragging other semiconductor stocks down in premarket trading. Discover the reasons behind the chipmaker's decline and what it means for investors.
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Nvidia is falling along with the rest as the tide ebbs and the underperformance of Nvidia is due to the fact that it has outperformed the high-flying tech stocks amid the market upturn seen since 2023. The Jensen Huang-led company also hit with a negative headline regarding the rumored delay in its next-gen Blackwell accelerators.
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Published
Aug 5, 2024
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