Nvidia stock, market value drop

by The Manila Times

Sep 08, 2024 12:03 am

THE recent sharp decline in Nvidia's stock, with a nearly 10 percent drop erasing $278.9 billion in market value, has rattled investors.

However, financial experts like Nigel Green, chief executive of deVere Group, argue that 'this downturn should be seen as a buying opportunity rather than a cause for alarm. Despite Nvidia's significant fall, which contributed to a broader market slump, the company's position at the forefront of the AI revolution remains unchallenged.'

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