Learn English: Nvidia's Stock Takes a Hit, CEO Loses Big (normal)

1 week, 5 days ago

Nvidia's Stock Takes a Hit, CEO Loses Big

Nvidia's stock suffered a major setback on Tuesday, experiencing its worst single-day performance ever, with a massive drop in value.

The decline wiped out a record-breaking $279 billion in market value, making it the largest one-day loss in U.S. history.

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

The drop was attributed to news of an antitrust investigation by the Department of Justice, which is looking into whether Nvidia's dominance in the market is fair.

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Original: Entrepreneur

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

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