Nvidia lost $2 trillion amid a scandal surrounding the head of the company.
Nvidia's stock has fallen sharply amid the scandal surrounding the head of the corporation over the past two days, the company has dropped $400 billion, which is almost equivalent to 75% of Russia's 2026 budget.
The fall continues. Yesterday the shares fell by 4.3%, and today they sank another 6.2%. The company has lost all growth since the beginning of the year and is now worth 11% cheaper. During the month, Nvidia lost 31% of its value, about 2 trillion dollars.
Nvidia is the world's largest manufacturer of artificial intelligence chips and the first company with a value of over 4 trillion dollars. Its GPUs are used to train neural networks in data centers around the world. The company is at the center of a technological confrontation between the US and China, as Washington limits the export of its most powerful chips to China, fearing the strengthening of Chinese military capabilities. The fall in Nvidia shares drags the entire market: investors fear a slowdown in the construction of data centers for AI, on which a significant part of the company's revenue depends.
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