Nvidia Stock Sinks Another 5%—Market Cap Down $500 Billion From Last Week’s Peak
Nvidia’s stock fell more than 5% to about $120 by late morning Monday, hitting its lowest intraday share price since June 10, the day of its 10-for-1 stock split. The selloff follows Thursday’s and Friday’s respective 3.5% and 3.2% drops, extending its losses from Tuesday’s record close to 12%.