NVIDIA Lost $73 Billion in Value in One Day

The artificial intelligence products that NVIDIA announced one after another did not receive the expected attention from investors. The company’s shares fell significantly.

One of the most important news of the day for US stock markets is of course NVIDIA announced It was Blackwell, the new artificial intelligence products and especially the new graphics processor unit. The announcements made by the technology giant do not seem to have created a big reaction among investors in the US stock markets.

Industry average in future transactions on Dow Jones a decrease of 0.1% aforementioned. In the Nasdaq 100 index, the rate of this decrease has reached 0.7%. NVIDIA shares differ negatively from the rest of the industry. Shares of the company, A decrease of around 3% today lived. NVIDIA shares, which opened for trading at $884 in the morning, are currently down 3.28%. from $855.83 continues to be traded.

NVIDIA’s announcement bombardment did not deliver what was desired

NVIDIA shares have more than tripled in value over the past 12 months. With this increase, the value of the company reached 2.2 trillion dollars. The decline experienced today also affects the market value of the company. More than $73 billion he dropped it.

According to experts in the industry, artificial intelligence breakthroughs with new GPUs will have more noticeable effects on the real world. Again to Blakcwell If interest is low, this transition may slow down and the company may choose to slow down its production for this reason. If the demand is high, of course, the company’s shares will rise.

US policy rates will also be announced tomorrow at 21.00 GMT. Interest rates are not expected to change.

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Source :
https://markets.businessinsider.com/news/stocks/stock-market-news-futures-nvidia-ai-blackwell-microchips-fed-rates-2024-3


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