The chip maker that rode the artificial intelligence boom to become the world's most valuable public company last week has fallen into correction territory. It closed Monday down roughly 16 percent from its intraday high on Thursday, shedding more than $550 billion in value.
Investors are processing concerns about a slowdown in the labor market and the looming inflation risk. The Conference Board's consumer confidence index release will be closely watched for insights into the economy.
Despite recent market swings, analysts maintain a positive outlook on Nvidia and artificial intelligence. Nvidia's exceptional performance in meeting demand for chips powering Big Tech data centers and AI systems led to significant market cap growth.
Collection
[
|
...
]