Nvidia CEO loses $13 billion as intraday losses extend: Report

Nvidia CEO loses $13 billion as intraday losses continue to extend, according to a report. Nvidia’s selloff is accelerating, with shares plummeting by as much as 15%, causing its market value to drop below $3 trillion, according to a Bloomberg report.

This sharp turnaround is a stark contrast to the stock’s performance earlier in January, when it was nearing record highs. Just weeks ago, Nvidia appeared poised to become the first company to hit a $4 trillion market value.