With its shares up 150% this year alone, the corporation has been the talk of the US markets. Its second quarter revenue of slightly over $30 billion had more than doubled from the same period last year.
That might have been the cause of its shares experiencing an unusual drop in value after an earnings report.
The Reuters news agency reports that there was a 6.8% decline in after-hours trading.
This came after losses of almost 2% during the main trading hours on Wednesday.
Amazon and Meta, two significant clients, were also impacted, albeit the red numbers for both were close to 1%.
The performance of Nvidia, which controls 80% of the market for AI chips, is being keenly monitored for indications that the lucrative field of artificial intelligence is still trending higher.
When US statistics sparked worries of a recession at the beginning of August, investors fled to safe-haven government bonds, causing a brief but intense sell-off of global stocks.
Even though it is highly unlikely, a recession would put Nvidia’s products and the demand for AI in danger.
