Nvidia's stock price entered correction territory, falling over 11% from its recent high. This decline coincided with the Dow Jones Industrial Average's eighth consecutive day of losses, marking its longest losing streak since 2018. Despite the correction, Nvidia remains up significantly for the year.
sank 0.25%. It was the eighth day of losses for the Dow, marking its longest run of losses since 2018. Follow
People visit the Nvidia booth during the Apsara Conference 2024 at Yunqi Town in Hangzhou, Zhejiang Province of China, on Sept. 19, 2024.Monday, ending the day about 11% off its closing high of $148.88 reached last month. The chipmaker, which has become a favorite AI-related trade, is still up 166% this year. Shares were down again in, gaining about 11% and hitting a market cap above $1 trillion on increased price targets from Wall Street.
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