Nvidia $279 billion wipeout — the biggest in U.S. history — drags down global chip stocks
Publishing timestamp: 2024-09-04 09:45:51
Summary
Global semiconductor stocks fell following Nvidia's steep plunge in the U.S. market, with Nvidia losing $279 billion in market capitalization in the biggest one-day drop for a U.S. stock in history. The sell-off was driven by economic data causing concerns about the U.S. economy, as well as news of a subpoena from the Department of Justice as part of an antitrust investigation. Stocks across Asia and Europe also fell in response to the decline in Nvidia's value.
Sentiment: NEGATIVE
Tickers: ARM, ASML-NL, 6857.T-JP, 2317-TW, ASM-NL, 2330-TW, NVDA, IFX-DE, BESI-NL, 8035.T-JP, 9984.T-JP,
Keywords: breaking news: markets, united states, south korea, taiwan semiconductor manufacturing co ltd, tokyo electron ltd, nvidia corp, advantest corp, business news, be semiconductor industries nv, infineon technologies ag, asm international nv, softbank group corp, arm holdings plc, markets, asml holding nv, taiwan, hon hai precision industry co ltd,