From Cointelegraph

August 3, 2024 12:54 PM:

Nvidia, the world’s most valuable chipmaker, saw a drop in its market capitalization after briefly hitting $3 trillion in June.

The negative turn for Nvidia comes amid a global chip shortage and concerns about the company’s growth prospects.

Despite the recent decline in market capitalization, Nvidia remains a key player in the semiconductor industry with a strong position in data centers and gaming.

Investors are closely watching Nvidia as it navigates challenges in the chip market and seeks to maintain its competitive edge.

Read more at Cointelegraph: Nvidia delays next gen AI chip as investors issue ‘bubble’ warning