Nvidia’s $279 billion wipeout — the biggest in U.S. history — drags down global chip stocks

Nvidia Corporation, a U.S.-based multinational technology firm that designs graphics processing units (GPUs), faced a significant financial setback losing $279 billion in market value. This drastic loss is regarded as the biggest market cap wipeout in U.S. history for an individual company. This has had a ripple effect on global chip stocks across the board, leading to overall decline in this sector. Nvidia’s underperformance might be linked to various factors like changes in market conditions, reduced demand, or operational issues