Nvidia slides 13% in three days after briefly becoming most valuable company
Nvidia's stock dropped 13% in three days after being the most valuable company. Other tech firms like Super Micro Computer and Dell also saw stock declines. Despite this, Nvidia's value tripled in a year. Analysts predict high demand for Nvidia's AI chips and see a buying opportunity for investors.
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Nvidia's stock experienced a 13% decline over three days after briefly holding the title of the most valuable company. The chipmaker's shares fell 6.7% on Monday, marking the third consecutive day of losses. This downward trend also affected other tech companies linked to the artificial intelligence sector, such as Super Micro Computer, Dell, Arm, Qualcomm, and Broadcom, which all saw drops in their stock prices. Despite the recent slump, Nvidia's value has nearly tripled in the past year. Analysts believe that the demand for Nvidia's AI graphics processing units remains high, with the company set to launch its next-generation AI chips later this year. Some experts suggest that the recent decline in Nvidia's stock price could present a buying opportunity for investors looking to capitalize on the company's future growth potential.
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