Nvidia’s shares finished at $126.09, after a tumble that saw them lose around 13% from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.
In a recent trading session, the Nasdaq index took a hit as chip stocks continued their downward spiral, amid diverging results from major banks like
Shares in US chip manufacturers tumbled, primarily influenced by memory and data storage firms, following competitive moves from China’s CXMT. The sector faced significant pressure,
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