Shares in Nvidia fell more than 6 per cent on Thursday as the chipmaker’s latest earnings report failed to exceed Wall Street’s lofty expectations, despite revenue more than doubling in the last quarter.
The declines took almost $200bn off the Silicon Valley-based company’s market value, which has soared amid a boom in spending on artificial intelligence.
Nvidia shares are still up about 140 per cent since the start of 2024.
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