“Nvidia slides 13% in three days after briefly becoming most valuable company”
June 25, 2024
“…
- Nvidia shares fell 6.7% on Monday, the chipmaker’s third down day in a row, and the stock is now down 13% from its peak last week.
- Other stocks that had steep drops on Monday were some of the biggest gainers of late due to their ties to the artificial intelligence boom.
- Investors may be locking in gains in Nvidia and similar momentum stocks after a few hot months.
…”
This stock is linked to AMC and GME because hedge-funds are using Nvidia as leverage for funds to short sell AMC and GME.