Nvidia's Stock Plunges 13% as Investors Worry About Cooling Demand and a 'Reckoning' for Nvidia's High Stock Valuation from car prices in australia Watch Video

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✓ Published: 29-Jun-2024

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Nvidia's stock price swung wildly over a 3-day period, erasing $430 billion in market value as the stock plunged 13%. Nvidia's revenue and profits have skyrocketed. Its AI chips have been in high demand from major tech companies like Microsoft, Meta, Amazon, and Alphabet, who have collectively spent over $150 billion on capital expenditures. Some investors worry that demand may cool if companies don't see sufficient returns on their AI investments, which could lead to a \