Global semiconductor and related stocks dropped sharply on Wednesday following a steep decline in Nvidia's share price in the US. Nvidia's stock dropped over 9% in regular trading due to economic concerns, followed by an additional 2% decline in post-market trading after reports of a Department of Justice antitrust subpoena. The chip giant lost about $279 billion in market value, marking the largest single-day loss in U.S. history. Nvidia’s supply chain companies also took a hit.
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00:00It's Benzinga and here's what's on the block.
00:03Global semiconductor and related stocks dropped sharply on Wednesday following a steep decline
00:07in NVIDIA's share price in the U.S.
00:10NVIDIA stock dropped over 9% in regular trading due to economic concerns followed by an additional
00:152% decline in post-market trading after reports of a Department of Justice antitrust subpoena.
00:21The chip giant lost about $279 billion in market value, marking the largest single-day
00:27loss in U.S. market history.
00:29NVIDIA supply chain companies also took a hit.
00:31For all things money, visit Benzinga.com.