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Nvidia’s stock price feels the full September effect, suffering a $180 billion wipeout

Nvidia CEO Jensen Huang.SAM YEH/AFP through Getty Photographs Nvidia shares have tumbled 10% this month, with the inventory feeling what merchants name the “September impact.” That plunge has wiped slightly below $180 billion off the semiconductor big’s market capitalization. Nvidia has nonetheless been the S&P 500’s greatest performer this yr, surging 189% because of the rise of AI and ChatGPT. …

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