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Nvidia Stock Plunges 8.6%, Losing $78 Billion Before Earnings

  • Nvidia's stock price plunged 8.6% on Tuesday, its worst day since October 2023
  • The stock drop erased $78 billion from Nvidia's market cap
  • Nvidia fell from 3rd most valuable US company to behind Amazon and Alphabet again
  • The stock slide comes day before Nvidia's quarterly earnings report on Wednesday
  • Nvidia stock remains up 40% in 2023, but Tuesday drop signals investor concerns about potential bubble
qz.com