Nvidia's Stock Crashes on Friday

Market Darling Falls into Correction Territory

Largest One-Day Decline Since October 2022

Nvidia's share price plunged by 10 percent on Friday, marking the worst one-day decline for US stock markets since October 2022. The company's market value has dropped by an estimated 950 billion since the beginning of the week.

Nvidia's stock had been on a steady upward trajectory lately, and seemed poised to continue its gains on Friday. However, the company's share price took a sudden dive, erasing a significant portion of its recent gains.

The decline in Nvidia's stock price is a sign of the larger correction that has been underway in the stock market. Market darling Nvidia is just one of several major companies that have seen their stock prices fall in recent days.