NVIDIA’s Market Value Drops by $406 Billion Amid Economic Uncertainty

NVIDIA, a major AI chip player, saw a $406 billion drop in market value this week due to US economic concerns, losing about 20% over two weeks. Its stock volatility exceeds Bitcoin’s, with a 30-day volatility around 80. Recent declines stem from a weak forecast, issues with its Blackwell chip, and antitrust probes. Despite this, NVIDIA’s shares have doubled in 2024, adding $1.3 trillion to its market value. Analysts are optimistic due to strong AI investments from key clients like Microsoft and Meta, even though revenue forecasts fell short of high expectations.