After an unprecedented rise fueled by the AI boom, which saw its market cap soar nearly ninefold since late 2022, Nvidia’s stock hit a roadblock. Following an antitrust investigation by the Department of Justice and mounting concerns about the U.S. economy, Nvidia’s stock plummeted wiping out $279 billion in a single day—the largest one-day market cap loss in U.S. history.
Common Cents Commentary About Markets
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Unpacking the Yen Carry Trade
The Japanese stock market is currently experiencing significant turbulence, highlighted by a sharp decline in the Nikkei Index and a surprising surge in the yen. A major factor behind these volatile movements is the “Yen Carry Trade,”