In an glimpse at how megacap tails wag the dog, a near half-trillion dollar shakeout in AI-bellwether Nvidia’s (.NVDA), opens new tab market cap in just a week continued to drag on the entire market even though most S&P500 (.SPX), opens new tab stocks ended higher on Monday.
Without any obvious trigger beyond a bout of nervy profit taking into Friday’s half-year end, Nvidia has recoiled by almost 20% since last Thursday’s record high – lopping more than $430 billion off its market value in the process.
Source: REUTER
