Nvidia enters correction territory as slump extends into third session

Nvidia shares entered correction territory on Monday (Tuesday AEST), as an ongoing sell-off erased a historic amount of value for the AI-focused chipmaker.

The stock fell 6.7 per cent, its third straight negative session and biggest one-day percentage drop since April. The three-day drop erased about $US430 billion ($646 billion) from Nvidia’s market capitalisation, the biggest three-day value loss for any company in history, according to data compiled by Bloomberg.

Bloomberg

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