Market News Today: Live Updates on Nifty 50, Sensex, and Global Markets – June 22, 2024

Stock Markets Today Live Updates: Nvidia share price falls 7% in 2 sessions; is the AI chipmaker’s run as the most valuable company over? Experts weigh in

In a surprising turn of events, Nvidia shares have dropped nearly 7 per cent over the last two sessions, causing the company to lose its position as the world’s most valuable. This development has left investors and experts wondering if the AI chipmaker’s reign at the top is coming to an end.

The decline in Nvidia’s share price comes amidst a backdrop of uncertainty in the market, with concerns about sticky inflation, elevated interest rates, and geopolitical tensions looming large. While the medium-term outlook for the market remains positive, the recent drop in Nvidia’s share price has raised questions about the company’s future prospects.

Experts are divided on the reasons behind Nvidia’s recent slide, with some attributing it to profit-taking after a period of strong gains, while others point to broader market trends and concerns about the company’s valuation. As investors try to make sense of the situation, all eyes are on Nvidia’s next moves and how it plans to regain its lost ground.

For more insights and analysis on this developing story, stay tuned to Mint’s live market updates. Follow our blog for real-time information on all things Dalal Street and global markets.