Nvidia’s $240 Billion Swoon Leads Rout in Semiconductor Stocks

(Bloomberg) — Nvidia Corp. shares are tumbling and dragging the rest of the semiconductor complex down with it.

The chipmaker fell as much as 8.4% on Tuesday in the wake of its earnings report last week that failed to live up to lofty expectations. The selloff erased more than $240 billion and helped fuel a 6.1% selloff in an index of 30 chip-related companies.