Nvidia, a global tech giant, faced a massive financial hit. The company lost $430 billion in market value within 24 hours. This staggering drop equals the combined worth of Starbucks, PepsiCo, McDonald’s, and Target.
A Historic Stock Plunge
Nvidia’s stock fell sharply, sending shockwaves through the market. Investors panicked as the company’s value plummeted. Analysts say rising competition and market shifts played a role. Such a loss is rare, even for the biggest tech firms.
What This Means for the Market
Tech stocks have been volatile in recent months. Nvidia’s sudden dip raises concerns for the entire sector. It could trigger cautious investments and slower growth. Experts are watching closely to see how Nvidia recovers.