The last two years have been an exciting ride for investors in Nvidia. Their ride has been more of a roller coaster, though, lately.
After the end of 2022, Nvidia’s market capitalisation has increased by about nine times, making it the main winner of the artificial intelligence boom.
Nvidia, however, lost about 30% of its value over the following seven weeks, losing around $800 billion in market capitalisation, after setting a record in June and momentarily rising to the top of the world’s most valuable public business list.
It is currently experiencing a surge that has brought the stock within roughly 7% of its peak. Wall Street is focussing on the stock’s volatility as the chipmaker prepares to release its quarterly results on Wednesday. Any indicator that a major cloud customer is decreasing its spending or that the demand for AI is declining could result in a large loss of income.
Source (CNBC)
