TradingKey – Nvidia Corporation (NVDA) fell 4.40% to $212.21 on Thursday, October 22, from its previous close of $221.97. This extended its pullback from its October high of $243.47. Overnight quotes showed it trading at $214.33. On Thursday, its decline cut approximately $235 billion from its market value, which currently stands at about $5.11 trillion.

Its stock declined alongside the rest of the chip sector on Thursday following Lam Research’s (LRCX) supply warning and Meta’s (META) spending. It also declined due to comments made by CEO Jensen Huang during an interview with CNBC at the GTC event in Berlin, where he discussed funding for neoclouds, cloud providers such as CoreWeave and Nebius that provide AI computing power under heavy…