Nvidia's growth has stunned the market even when compared to its artificial intelligence peers riding high on this year's wave. The company took the title of the world's most valuable company earlier this month, but just days after reaching this milestone, Nvidia's stock price took a plunge losing £430 billion dollars from its market cap over just three days. So what was behind the decline of one of Wall Street's darlings and will it bounce back? Matt Turner, who leads Bloomberg's US equities coverage tells Stephen Carroll why the tech giant's worth is proving so elusive.
#nvidia #markets #finance
Listen to more Here's Why: • Here's Why | Bloomberg Podcasts
Here's Why: Where we take one news story and explain it in just a few minutes with help from our experts at Bloomberg.
Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts
Visit us: https://www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: / podcasts
Visit our other YouTube channels:
Bloomberg Television: / @markets
Bloomberg Originals: / bloomberg
Quicktake: / @bloombergquicktake
For coverage on news, markets and more: http://www.bloomberg.com/video
#News #Podcast #Bloomberg