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Nvidia suffers record $279 billion loss in market value as Wall Street drops Nvidia shares took a historic 9.5% nosedive, shedding $279 billion in market cap as investor enthusiasm for AI waned, triggering the biggest drop in the PHLX chip index since 2020. Nvidia plunges 9.5%, losing $279 billion in market value amid AI concerns Shares of AI heavyweight Nvidia (NVDA.O), opens new tab tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalization, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains. ©SHIRSENDU KARMAKAR #Nvidia

Nvidia suffers record $279 billion loss in market value as Wall Street drops Nvidia shares took a historic 9.5% nosedive, shedding $279 billion in market cap as investor enthusiasm for AI waned, triggering the biggest drop in the PHLX chip index since 2020. Nvidia plunges 9.5%, losing $279 billion in market value amid AI concerns Shares of AI heavyweight Nvidia (NVDA.O), opens new tab tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalization, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains. ©SHIRSENDU KARMAKAR #Nvidia