Nvidia Enters Correction Territory as Slump Erases $430 Billion

• The stock has dropped 13% over the past three trading days
• Stock remains up sharply in 2024, fueled by AI chip demand

Nvidia Corp. shares entered correction territory on Monday, as an ongoing selloff erased a historic amount of value for the AI-focused chipmaker.

Read more here: https://www.bloomberg.com/news/articles/2024-06-24/nvidia-enters-correction-territory-as-slump-erases-400-billion