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Nvidia slides 13% in three days after briefly becoming most valuable company

·1 min

Nvidia shares fell 6.7% on Monday, marking its third consecutive day of decline, with the stock currently down 13% from its recent peak. Other stocks tied to the artificial intelligence boom also experienced significant drops. Investors may be taking profits on Nvidia and similar momentum stocks after a strong run. Despite this three-day slump, Nvidia’s value has almost tripled in the past year. The company remains optimistic about the high demand for its AI graphics processing units, with the upcoming release of its next-generation chips expected to drive further growth.