Learn English: Nvidia's Stock Plunges, CEO Loses Billions (hard)

1 week, 4 days ago

Nvidia's Stock Plunges, CEO Loses Billions

Nvidia's stock experienced a dramatic drop on Tuesday, resulting in the company's worst single-day performance ever.

The decline wiped out a staggering $279 billion in market value, marking the largest one-day loss in U.S. history.

Nvidia's CEO, Jensen Huang, who is also the company's largest individual shareholder, saw his personal wealth decrease by a staggering $10 billion.

The stock's decline was attributed to a report of an antitrust investigation by the Department of Justice, raising concerns about Nvidia's future market dominance.

Learn English with En30s

Our simplified news summaries make learning English easy and efficient. Whether you're a beginner or an advanced learner, we have the right level for you. Choose from our easy, normal, or hard summaries and improve your English skills today!

Other difficulties

Source

Original: Entrepreneur

Tags

#Nvidia #stock market #technology #antitrust #Jensen Huang

Other Business

Download En30s from Google Play