Nvidia tumbles, leading chip stocks lower
NVDANvidia(NVDA) CNBC·2024-09-04 02:01

Jensen Huang, co-founder and CEO of Nvidia, displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California, on March 18, 2024.Semiconductor stocks, led by Nvidia, fell Tuesday during an overall down day for the market. The S&P 500 slid by more than 1%.Nvidia fell nearly 8%, Intel was off 8%, Marvell fell 7% and Broadcom slid more about 6%. AMD and Qualcomm fell 6%. The SMH, an index that tracks semiconductor stocks, was down 6%, on pace for its biggest one-day loss i ...