We’ve spoken about artificial intelligence (AI), and Nvidia particularly, recently with regard to the potential for a correction. Well, shortly after becoming the world’s biggest company by valuation, over a three-day period running into this week, Nvidia’s stock price fell by $550 billion. It has since gained traction. More about this later.
On this week’s agenda:
- Nvidia tumbles!
- US market weakness to come?
- Clean tech investment set to hit $2 trillion in 2024
- Uncertainty in France leads to weakness across European markets
- Banks in the US pass with flying colours
- Russell visits London
Nvidia tumbles!
Nvidia shed more than $500 billion in market value since briefly becoming the world’s most valuable company. On Monday of this week, its shares fell by almost 7%, from Thursday’s peak. From its intraday high last week to the lowest price this week, the shares fell by circa 16%.
Nvidia alone has been responsible for roughly one-third of the S&P 500 performance in 2024 (ft.com).
Continues…
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Please Note: This communication should not be read as giving specific advice regarding your personal circumstances. This would only be given following detailed assessment of your individual needs. The value of investments may fall as well as rise; you may get back less than invested. Past performance is not necessarily a guide to future returns.
