Nvidia's Market Value Plummets: Loses Over $500B as Chinese AI Startup Stuns Investors
Shares of chipmaker Nvidia took a drastic downturn on Monday, marking its worst day since the global market selloff in March 2020 triggered by the coronavirus pandemic. The significant plunge occurred amidst a global tech stock sell-off, as a Chinese AI startup burst onto the scene, sending shockwaves through the industry. With the rise of AI technology and increased competition, investors are reevaluating their investments in tech giants like Nvidia, leading to a massive loss in market value. The global tech market is experiencing a significant shift, with artificial intelligence and machine learning becoming key areas of focus. As a result, Nvidia's stock has been impacted, highlighting the importance of staying ahead in the tech industry.