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Nvidia's Market Value Plummets by $1.6 Trillion; Analyst Warns Huang Renxun's Departure Could Weigh on Stock in the Long Term
16 hour ago /
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Author：小编
Even before this week, Nvidia investors had already turned bearish. Following the Huang Renxun controversy, selling on Wall Street intensified, and the stock may now be heading for its longest six-week losing streak since 2012. The chip giant had held the top spot in global market capitalization for most of this year. As of Thursday's close, however, its market value had evaporated by 29%—about $1.6 trillion—and it has since been overtaken by Apple.
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