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Nvidia heads for $400 billion two-day wipeout as CEO affair fallout deepens

From Ada Derana ·
Headline from Ada Derana
2 outlets · 2 reports · latest EN 2English 2 · all privateOwners: all private.
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Nvidia heads for $400 billion two-day wipeout as CEO affair fallout deepensPhoto: Ada Derana

AI summary · 1 min read

1 min readFrom 2 outlets
  • Ada Derana reports a 7.5% share-price decline and a $335 billion reduction in market value.
  • Hiru News reports that Nvidia shares fell in after-hours trading.
  • Ada Derana reports that the two-day decline could approach $400 billion.

Ada Derana reports that Nvidia shares fell 7.5%, reducing the company’s market value by about $335 billion. Hiru News separately reports a decline in the company’s shares during after-hours trading.

Ada Derana also reports that Nvidia was heading towards a roughly $400 billion loss in market value over two days, linking the episode in its headline to fallout from a CEO affair. The reports provide no further details about the affair or the timing and causes of the share-price movements.

Based on: Ada Derana, Hiru NewsWritten by AI from Ada Derana, Hiru Newsthese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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Earlier coverage

Reports on the same subject from the months before this story.

  1. TechCrunch · Intel’s stock crashes, knocking $12B from government’s stake
  2. BBC News · Nvidia and SpaceX lose billions in market value as tech and AI stocks plummet
  3. Ada Derana · Nvidia shares plunge 7.5% as $335 billion wiped off market value

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