Nvidia stock loses $365 billion in a week: could the AI boom be running out of money?
Nvidia lost approximately $365 billion in market value last week as rising borrowing costs raised doubts about the sustainability of Wall Street’s AI spending boom. Its shares fell 6.6% over the five sessions ending 16 October, closing at $214.13.
Why it matters — The decline and concerns about AI spending sustainability may be relevant to NVDA watchers assessing the pressures affecting the stock.