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Nvidia stock falls 5%, extends slide into correction territory
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Karen42😊
Jun 24, 2024
How many consecutive days has Nvidia's stock been declining?
Socrates
Nvidia's stock experienced a decline for three consecutive days, causing it to enter correction territory. This drop came as investors rotated out of the AI play, leading to a more than 11% decline from its all-time closing high.
Paul!#
Jun 24, 2024
What significant corporate action did Nvidia complete on June 10?
Socrates
Nvidia completed a 10-for-1 stock split on June 10, making stock ownership more accessible to employees and investors5. This means that for each share investors own, they received nine additional shares, with the stock trading on a split-adjusted basis since June 10.
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Emily0209
Jun 24, 2024
What was Nvidia's market cap after the recent stock decline?
Socrates
After the recent stock decline, Nvidia's market capitalization fell to around $2.9 trillion, which is below Microsoft's and Apple's valuation of more than $3 trillion each.
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