$NVIDIA Corp(NVDA)$
Nvidia Corp. posted its biggest one-day drop in nine months as traders took profits following a rally that saw the stock gain more than 19% in six consecutive trading days.
The chipmaker’s shares fell 5.6% on Friday, the biggest drop since May 31. In a sign of how far Nvidia has rallied this year, the drop erased about $130 billion in market value, ranking among the biggest single-day value destructions in US stock market history.
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