Nvidia has quickly lost about $500 billion in market value, amid concerns that the GPU maker may have become overvalued or that the AI market fueled by its chips is a bubble about to burst.
The REAL Reason Stocks Like Nvidia Are Crashing (DO THIS NOW)
The California-based biz overtook Microsoft last week to become the world's most valuable company with a market capitalization of $3.335 trillion, shortly after overtaking Apple. Now Nvidia is back down in third place again after losing about 15 percent of its peak value in a few days.
According to the Financial Times, this week's case followed revelations late last week that rock star CEO Jensen Huang had sold nearly $95 million of the company's stock just as it became the most valuable company.
This was perhaps taken as a sign that he believed Nvidia's share price had peaked and was making money, although of course the trades were part of a previously planned plan, in line with the rules.
