In the past, through my blog, I extensively wrote about Nvidia – many times pointing to how strategically this trillion dollar company partnered to become a leader in the chip race.
Despite the CEO’s affairs, the company remains the second largest in market cap (at the time of writing). But Nvidia’s sharp selloff recently erases its gains for the year, pushing its valuation to a multiyear low.
The selloff has also pushed Nvidia below Apple in market value, leaving it narrowly ahead of Microsoft.
Nvidia shares fell about 10% this year through Nov. 10, trailing the Nasdaq Composite’s roughly 7% gain.
Additional stories : Nvidia becomes first company worth $5 trillion as it solidifies its AI dominance
Nvidia stock hits record high as AI boom drives unprecedented growth