The high-flying AI company Nvidia has lost almost 500 billion dollars in value over the course of a week. What is behind the share price slide? Is the hype over? The crash has stopped at the start of the week.
After many incredible success stories, AI star Nvidia has now also set its first negative record. Last week, the technology company overtook the two major giants Microsoft and Apple in market value and became the most valuable listed company in the world. Then Nvidia shares plummeted: From the middle of the week until Tuesday morning, the share price fell by almost 20 percent.
It happened faster than ever before. Within a few days, the high-flyer wiped out a market value of around 500 billion dollars. The market capitalization fell from around 3 trillion euros back to around 2.6 trillion. Is this the beginning of the end?
Source: Stern
