Vietnam.vn - Nền tảng quảng bá Việt Nam

Nvidia evaporates nearly $300 billion in one day

Báo Quốc TếBáo Quốc Tế05/09/2024


At the end of the trading session on September 3, Nvidia's stock price fell 9.5%, causing the capitalization of the world's largest chip maker to "evaporate" nearly 300 billion USD.

Nvidia’s market capitalization “evaporated” $ 279 billion in trading on September 3 - a record for an American company. This is a sign that investors are increasingly cautious about the global AI wave. The stock continued to decline in after-hours trading.

Cổ phiếu Nvidia giảm giá khiến thị trường chứng khoán Mỹ chìm trong sắc đỏ
Nvidia shares fall, sending US stock market into red

Nvidia’s plunge dragged down many other chip stocks. Broadcom fell 6%, Qualcomm fell nearly 7%, AMD fell 7.8%, Intel fell nearly 8% and Marvel fell 8.2%. The VanEck Semiconductor ETF, which tracks semiconductor stocks, fell 7.5%, its worst day since March 2020.

US stocks reacted after the Institute for Supply Management (ISM) released its monthly survey showing that domestic manufacturing activity was weaker than expected, raising concerns about the health of the economy and also raising hopes that the Fed will cut interest rates.

Semiconductor stocks have surged over the past year on expectations that the artificial intelligence (AI) boom will spur companies to buy more chips and memory to keep up with the computing demands of AI applications. The segment is led by Nvidia, which dominates the AI ​​data center chip market. Nvidia shares are up 118% in 2024.

Last week, Nvidia reported $30 billion in revenue for the three months ended in July, beating investor expectations. Revenue from its data center business—which includes AI chips—rose 154% from the same period in 2023, thanks in part to the internet and cloud giants that buy billions of dollars of its chips each quarter. The company also forecast an 80% increase in sales for the quarter.



Source: https://baoquocte.vn/nvidia-boc-hoi-gan-300-ty-usd-trong-mot-ngay-284977.html

Comment (0)

No data
No data

Same tag

Same category

Spectacular start of Vietnamese film market in 2025
Phan Dinh Tung releases new song before concert 'Anh trai vu ngan cong gai'
Hue National Tourism Year - 2025 with the theme "Hue - Ancient Capital - New Opportunities"
Army determined to practice parade 'most evenly, best, most beautiful'

Same author

Heritage

Figure

Business

No videos available

News

Political System

Local

Product