Nvidia Now Trades Cheaper Than Toilet Paper Maker as AI Sell-Off Deepens
5 Articles
5 Articles
Nvidia Now Trades Cheaper Than Toilet Paper Maker as AI Sell-Off Deepens
Nvidia's forward valuation has dropped below several consumer staples companies as investors reassess AI stocks, despite analysts continuing to raise earnings forecasts ahead of its 17 November results.
On November 5th alone, Nvidia's stock fell more than 9%, wiping out nearly $450 billion in market capitalization, bringing it down to approximately $4.4 trillion. Nvidia expands into the personal computer market with new AI chips. Amazon wants to sell Nvidia chips worth $8 billion. Nvidia invests $1 billion in a South Korean technology company.
Nvidia has lost nearly $1.4 trillion from its peak. Shares of artificial intelligence powerhouse Nvidia have fallen for the fifth week in a row, wiping nearly $1.4 trillion off the company's market value, Yahoo Finance reported. Nvidia, US stock market, Artificial intelligence, Investing, Stock.
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