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net lei jianping september 7

nvidia's stock price has continued to fall recently. as of today's close, nvidia's stock price was $102.83, down 4.09%; based on the closing price, the company's market value is $252.24 billion.

this is the last trading day of the turbulent first week of september 2024.

the move came after a monthly jobs report showed the u.s. unemployment rate fell to 4.2% in august from 4.3% in july, prompting some analysts to predict the federal reserve will cut interest rates by 25 basis points instead of 50 basis points at its policy meeting later this month.

technology stocks, typically beneficiaries of rate-cutting cycles, led the market lower.

investors are increasingly questioning whether capital spending on tech infrastructure will continue and whether the boom in artificial intelligence stocks has peaked.

nvidia's sharp drop began with the release of a very good financial report that failed to meet wall street's expectations. before the release of the financial report, nvidia's stock price was $125.61 and its market value was $3,089.8 billion. today, nvidia's market value has evaporated by $567.4 billion (about 4 trillion yuan).