(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Minyoung] Nvidia, a leading player in artificial intelligence semiconductor chips, experienced a significant stock price decline for the third consecutive trading day.

On June 24th, local time, Nvidia's stock closed at $118.11 on the New York Stock Exchange, down 6.68% from the previous trading day. This translates to 163,936 KRW.

After reaching an all-time high of $135.58 at the close on June 18th, Nvidia's stock price has fallen by 12.8% over the past three trading days. The company's market capitalization, which had surpassed $3 trillion, plummeted by $208 billion (288 trillion KRW) in a single day, dropping to $2.937 trillion, placing Nvidia back in the third position by market cap ranking.

On June 18th, Nvidia's market cap soared to $3.335 trillion, temporarily making it the world's most valuable company, surpassing both Microsoft and Apple.

 

 

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