Nvidia shares plummet, wiping out $278.9 billion - the largest single stock loss in history.
Updated on September 4, 2024, 8:22 JST (excerpt)
The Philadelphia Semiconductor Index (SOX) experienced a significant decline, the largest since March 2020.
Two industry analysts point out that the hype surrounding AI has gone too far.
About four weeks after the sharp drop in US stock prices due to the global risk asset flight, the selling of semiconductor company stocks has brought about a new wave of stock market declines. Two industry analysts have once again raised concerns that the hype surrounding artificial intelligence (AI) is going too far.
On the third day after the Labor Day holiday in the US stock market, shares of Nvidia, a leading semiconductor company for AI, fell 9.5%, resulting in a loss of $278.9 billion (approximately 40 trillion 546 billion yen). This is the largest single stock loss in US history.
The Philadelphia Semiconductor Index (SOX) experienced a significant decline, the largest since March 2020.
Two industry analysts point out that the hype surrounding AI has gone too far.
About four weeks after the sharp drop in US stock prices due to the global risk asset flight, the selling of semiconductor company stocks has brought about a new wave of stock market declines. Two industry analysts have once again raised concerns that the hype surrounding artificial intelligence (AI) is going too far.
On the third day after the Labor Day holiday in the US stock market, shares of Nvidia, a leading semiconductor company for AI, fell 9.5%, resulting in a loss of $278.9 billion (approximately 40 trillion 546 billion yen). This is the largest single stock loss in US history.
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