( ) -q-28- UNDATED (Correspondent Jeremy House) “a minor slump.” Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value. [CutID: <Cuts> NVIDIA-STOCK-house-q-WEDam.mp3 Time: 28s Title: NVIDIA-STOCK-house-q-WEDam Out-cue: a minor slump] TAG: Correspondent Jeremy House reporting. ——————————- VERBATIM: Early last week, Nvidia […]
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All eyes are on Nvidia’s stock, so what’s been going on?
( ) -q-28- UNDATED (Correspondent Jeremy House) “a minor slump.”
Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value.
[CutID: <Cuts> NVIDIA-STOCK-house-q-WEDam.mp3
Time: 28s
Title: NVIDIA-STOCK-house-q-WEDam
Out-cue: a minor slump]
TAG: Correspondent Jeremy House reporting.
——————————-
VERBATIM: Early last week, Nvidia overtook Microsoft as Wall Street’s most valuable public company. Then it fell 13% over three days, its worst such stretch since 2022. Any stock that climbs as much as Nvidia has _ up more than 1,000% since the autumn of 2022 _ is vulnerable to some of its investors selling shares in order to lock in some profits. That earlier run makes a 13% drop over three days look like a minor slump.