The shares of Nvidia dipped by more than 4% after an analyst said its deal with Arm is highly unlikely to go through.
(Bloomberg) -- The highest flying of Wall Street’s stock-market darlings are now taking a major beating.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female Founders‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsAutomating the War on Noise PollutionTesla Inc., Netflix Inc., Nvidia Corp. and Facebook-owner Meta Platforms Inc. have all lost over 10% in the past few weeks. That wiped several hundreds of billions from their market values, with Meta alone losing some $224 b
Shares of Nvidia (NASDAQ: NVDA) rose 27.8% last month, according to data provided by S&P Global Market Intelligence, following another strong earnings report for the graphics specialist. Last month, Nvidia unveiled more details around its plans to the metaverse with its Omniverse software package. Nvidia's revenue growth has remained consistently high through the pandemic.