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Nvidia plunges almost 10% as global markets fall
Stocks drop as disappointing US economic data dampened investor optimism about the AI boom.
Shares in American chip giant Nvidia slumped by almost 10% as concerns over the economy dampened optimism about the boom in artificial intelligence (AI). Investors turned more cautious as new data showed US manufacturing activity remains subdued, with the focus now on key jobs figures due on Friday. On Wednesday, Japan's Nikkei 225 was down around 3%, South Korea's Kospi was trading 2% lower and the Hang Seng in Hong Kong dropped by 1.5%.
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