{"id":89240,"date":"2024-09-04T01:00:19","date_gmt":"2024-09-04T05:00:19","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89240"},"modified":"2024-09-04T00:44:25","modified_gmt":"2024-09-04T04:44:25","slug":"nvidia-plunges-almost-10-dragging-basket-of-chip-stocks-to-worst-day-since-march-2020","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2024\/nvidia-plunges-almost-10-dragging-basket-of-chip-stocks-to-worst-day-since-march-2020.html","title":{"rendered":"Nvidia plunges almost 10%, dragging basket of chip stocks to worst day since March 2020"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/NVDA\/\">Nvidia<\/a>&nbsp;plunged 9.5% on Tuesday, wiping nearly $300 billion off the chipmaker\u2019s market cap and pulling chip stocks down with it. <a href=\"https:\/\/www.cnbc.com\/quotes\/INTC\/\">Intel<\/a>&nbsp;fell almost 8%,&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/MRVL\/\">Marvell<\/a>&nbsp;slid 8.2%, and&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/AVGO\/\">Broadcom<\/a>&nbsp;lost about 6%.&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/AMD\/\">AMD<\/a>&nbsp;dropped 7.8%, and&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/QCOM\/\">Qualcomm<\/a>&nbsp;fell nearly 7%. The VanEck Semiconductor ETF (SMH), an index that tracks semiconductor stocks, was down 7.5%, its worst day since March 2020.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/09\/03\/nvidia-tumbles-leading-chip-stocks-lower.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Nvidia&nbsp;plunged 9.5% on Tuesday, wiping nearly $300 billion off the chipmaker\u2019s market cap and pulling chip stocks down with it. Intel&nbsp;fell almost 8%,&nbsp;Marvell&nbsp;slid 8.2%, and&nbsp;Broadcom&nbsp;lost about 6%.&nbsp;AMD&nbsp;dropped 7.8%, and&nbsp;Qualcomm&nbsp;fell nearly 7%. The VanEck Semiconductor ETF (SMH), an index that [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89240","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=89240"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89240\/revisions"}],"predecessor-version":[{"id":89244,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89240\/revisions\/89244"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}