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The market cap evaporated more than $400 billion in a week! The volatility of Nvidia is already twice that of Bitcoin?
As the "most important stock on Earth" in the eyes of Wall Street, Nvidia's market cap has evaporated by approximately $406 billion this week, bringing considerable pressure to the US stock market. Various signs indicate that there is growing concern about the health of the US economy and the potential overreliance on ai trading, which is spreading rapidly.
US stocks close | On the "non-farm day", US stocks plummeted, with the Nasdaq down 2.55%, and NVIDIA down more than 4%; US bonds surged, with Brent oil hitting a nearly three-year low.
The poor non-farm payroll data in August may lead the Fed to support a significant interest rate cut. The S&P fell 1.7% for the week, dropping over 4%, while the Dow fell 1% for the week, dropping nearly 3%, and the Nasdaq fell 2.6% for the week, dropping 5.8%, entering a technical consolidation phase.
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