Nvidia's $279 billion wipeout — the biggest in U.S. history — drags down global chip stocks

Global semiconductor and associated stocks fell on Wednesday, following a steep plunge in Nvidia’s share price in the U.S. overnight.

Date:

Save story

Topics

MarketWatch - Business
You don’t invest in non-U.S. stocks? Here’s what you’re missing.

U.S. equities represent 70% of the combined market cap of all developed economy stocks, but this dominance won’t last.
15 minutes ago
MarketWatch - Business
Oil on track for weekly gains after global benchmark’s dip below $70 a barrel

Oil futures rose Friday, continuing a bounce off multiyear lows after Hurricane Francine disrupted output in the Gulf of Mexico, though concerns about the demand outlook linger.
28 minutes ago
The Wall Street Journal - World
China's Midea to Raise $4 Billion in Hong Kong's Biggest Listing This Year

The appliance giant’s listing has been watched closely as Hong Kong, once the world’s hottest IPO market, looks to attract more listings after suffering a slowdown.
4 hours ago - China
Yahoo Sports - Sports
'English football's biggest and most controversial contest is set to begin'

Finally, after years of build-up, perhaps English football's biggest and most controversial contest is set to begin. City face 115 charges for allegedly breaking the financial rules of the ...
4 hours ago
CNBC - Business
Saudi Arabia expects to get access to Nvidia's high performance chips 'within the next year'

The U.S. has imposed restrictions on exports of the chips out of concerns they could be accessed by China, which is Saudi Arabia's top trading partner.
7 hours ago
CNBC - Business
Stocks making the biggest moves after hours: Adobe, RH, Oracle and more

These are the stocks posting the largest moves in extended trading.
13 hours ago - Stock Market
The Wall Street Journal - World
Why Don't Harris Supporters Believe Her History?

Media folk are having difficulty comprehending her record.
15 hours ago - Kamala Harris
The Wall Street Journal - World
U.S. Stocks Rise After Latest Inflation Reading

U.S. stocks extended gains after the producer-price index rose 0.2% in August from July, matching expectations.
15 hours ago
MarketWatch - Business
Nvidia’s stock extends gains: ‘The time to worry is clearly not now’

Bernstein continues to like Nvidia and Broadcom shares as top semiconductor picks, even as the sector has shed most of its year-to-date outperformance relative to the S&P 500.
20 hours ago

More from NBC News

NBC News - Top stories
Before Trump, neo-Nazis pushed false claims about Haitians as part of hate campaign

The day after the presidential debate at which former President Donald Trump spread a false story about Haitian immigrants eating pets in Springfield, Ohio, Christopher Pohlhaus, leader of the ...
2 hours ago - Donald Trump
NBC News - Top stories
Boeing workers overwhelmingly reject contract, prepare to strike

More than 30,000 Boeing workers were set to strike Friday, halting production of most of the company’s aircraft after staff overwhelmingly rejected a new labor contract.
6 hours ago
NBC News - Top stories
Boeing workers reject contract and authorize strike

Thousands of Boeing workers voted to go on strike late Thursday after rejecting a contract offer from the company. Early Today's Frances Rivera has the latest details.
4 hours ago
NBC News - Top stories
Dolphins QB Tua Tagovailoa sustains another concussion in heavy loss to Bills

Miami Dolphins quarterback Tua Tagovailoa left Thursday’s game against the Buffalo Bills with a concussion, the team announced.
9 hours ago - NFL
NBC News - Top stories
Asian Americans see mixed results in enrollment after end of affirmative action

Asian American enrollment at Columbia and Brown rose following the affirmative action ruling, while it decreased at Yale and Princeton. Harvard remained the same.
12 hours ago