We’re going to need more bagholders.

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https://twitter.com/jbulltard1/status/1805254039547875769

Nvidia slides for third straight session, loses $500B in market cap

  • Nvidia (NASDAQ:NVDA) shares fell more than 6.5% on Monday, the third straight session in which the semiconductor giant has lost ground.

  • The losses cumulatively add up to roughly $540B in lost market cap, placing Nvidia firmly behind Apple (AAPL) and Microsoft (MSFT) in the race for the most valuable company on the planet. The Jensen Huang-led Nvidia briefly became the world’s most valuable company earlier this month.

  • Year-to-date, Nvidia shares are up 145%, buoyed by a surge in data center revenue amid heavy spending on artificial intelligence.

  • Separately on Monday, Taiwan news outlet UDN reported that the GB200 GPU is in short supply.

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