Nvidia (NVDA) just suffered the single largest loss of value by a stock in market history. Some $590 billion in market cap was obliterated in one day, or more than twice the amount suffered by the previous record holder, which also happened to be Nvidia.
The AI chipmaker wiped away over one-fifth of its value in the last two trading days and all of the gains it made since last October. NVDA stock went from the most-valuable company on the market, to third-largest. It was not a good day for Nvidia investors. Or was it?
This post originally appeared at Money Morning.