Nvidia Stock Plummets Over 6%!
London: 25 June 2024 (TraderMade): Hold onto your hard drives, tech enthusiasts! Looks like the tech world is experiencing some turbulence. Chipmaker Nvidia (NVDA) just took a significant hit, with its stock price plummeting over 6% today.
Tech Titan Tumbles
Shares of Nvidia (NVDA) took a nosedive today, plummeting over 6% in a dramatic reversal of fortune. This freefall comes just days after the chipmaker reached record highs, leaving investors wondering if the bubble has finally burst.
Correction Confirmed
This sharp decline pushes Nvidia into official "correction territory," meaning its stock price has fallen more than 10% from its recent peak. While the exact reason for the sudden drop remains unclear, analysts speculate it could be a combination of profit-taking after the meteoric rise and a broader shift in investor sentiment away from chip stocks.
