BusinessPhoto: NDTVNvidia Loses $1.6 Trillion in Market Value Amid China Spy Concerns
Nvidia's market value has dropped by $1.6 trillion since its October peak, falling from $5.88 trillion to $4.31 trillion as of November 9. This loss equals about one-third of India's $4.06 trillion GDP and surpasses Tesla's $1.49 trillion market cap. Shares entered bear-market territory, down over 26% from their 52-week high, amid AI spending concerns, regulatory uncertainty, and issues involving CEO Jensen Huang.
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