Nvidia added a staggering $880 billion to its market cap, but shares fell almost 7%, wiping out more than $220 billion in value.
Traders work on the floor during morning trading at the New York Stock Exchange on March 6, 2024 in New York City.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribereached new heights, touching an intraday record of 5,505.53 on Thursday and closing last week with a 0.6% gain. The tech-centric.
"Taking escalators up and elevators down" – this old Wall Street adage perfectly encapsulates Nvidia's recent market journey. In a mere 21 trading days, the tech giant added a staggering $880 billion to its market cap, briefly claiming the title of the. Its descent proved just as dramatic, within two trading sessions following Tuesday's peak, Nvidia shares fell almost 7%, wiping out more than $220 billion in value.," some are hesitant to buy in at current levels.
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