$100bn wiped off Nvidia’s market value after outlook underwhelms

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Financial Times 2d ago

$100bn wiped off Nvidia’s market value after outlook underwhelms - Financial Times

Quick Summary:

Shares recovered some ground shortly after the market opened to trade at about 3 per cent down on the previous day.

The declines initially trimmed more than $100bn from the Silicon Valley-based company’s market value, which has soared amid a boom in spending on artificial intelligence.

However the figure underwhelmed investors who have become accustomed to the chipmaker far outstripping Wall Street’s forecasts in the two years since the launch of ChatGPT.