What is Nvidia, why are NVDA stock prices down, and why is everyone talking about it?
Even if you don’t pay much attention to the stock market, chances are you’ve heard about Nvidia and its share price today.
The company broke the record for the biggest one-day loss in value for a company on the US stock market.
Nvidia’s share price dropped by 17 per cent.
This equated to a huge $US593 billion ($948 billion) loss in value — that’s nearly $1 trillion in Australian currency.
Here’s what you need to know about the company everyone’s taking about.
What is Nvidia?
Nvidia is a technology company that makes chips, systems and software that power things like artificial intelligence (AI), gaming and graphics.
It was founded by Jensen Huang, Chris Malachowsky and Curtis Priem in 1993.
At the time, the aim was to “bring 3D graphics to…
