NVIDIA faces the largest 3-day market loss in history, wiping out over $500 billion!
MobileAppDaily
Jun 26, 2024
Amidst the market turmoil, the CEO's trading plan executed sales of 720,000 shares, adding to the pressure by cashing out $95 million this month.
The unfortunate event happens just before Wednesday’s annual shareholder meeting and two weeks after a 10-for-1 stock split. The split was done with retail investors in mind.
NVIDIA, pivotal in U.S. national security with its AI chips, experienced a stock rally similar to Tesla's 2020 surge, emphasizing its global leadership role.
Shares may rebound as trading resumes Tuesday, yet NVIDIA could face more short-term challenges, echoing the Wall Street adage:
'The trend is your friend.’