The selloff follows an earnings report by chip manufacturing equipment supplier ASML which indicated weaker-than-expected sales guidance for 2025, raising concerns

Nvidia (NASDAQ:NVDA) has been an incredible stock to own. Over the past decade, the chipmaker has produced mind-blowing 30,700% returns, yet a significant percentage of those returns occurred since the end of 2022 when NVDA stock went parabolic and surged from a split-adjusted $14 a share to over $300 a share as the artificial intelligence mania

Nvidia stock reached a record in recent days and is heading for a gain of about 180% this year. The momentum is thanks to the company’s dominance in the high-growth artificial intelligence market. All of this has equaled mind-boggling earnings growth for Nvidia.

After growing revenue 122% last quarter, Blackwell demand could send Nvidia's market capitalization to $3.9 trillion next month — passing Apple as the world leader