Nvidia lost $130 billion in value in just one day

Nvidia experienced the biggest drop in the market in 9 months, losing more than $130 billion in value.

Here's What We Know

On Friday, the chipmaker's shares fell by 5.6%, the biggest drop in almost a year. It erased $130 billion in market value, making it one of the largest single-day drops in US stocks in history.

This year, Nvidia shares have risen on the back of optimistic forecasts for demand for its chips used in artificial intelligence computing. Therefore, even after this "crisis", the company remains the third most expensive, right after Microsoft and Apple.