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Nvidia sees around £339bn wiped off market value in three-day sell-off
The US computer chip maker has fallen nearly 13% since briefly overtaking Microsoft last week as Wall Street’s most valuable stock.
Derren Nathan, at Hargreaves Lansdown, stressed that Nvidia has still seen impressive gains in the past year, even with the recent falls taken into account. While the Nasdaq saw steep falls on Monday, the Dow Jones Industrial Average rose 260 points, or 0.7%, in a mixed session on Wall Street. Kathleen Brooks, research director at XTB, said she believed Nvidia’s recent share price plunge was a natural correction.
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