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Nvidia valuation falls to lowest level since 2019 as AI worries hit stock
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Nvidia valuation falls to lowest level since 2019 as AI worries hit stock

The American chip giant Nvidia has lost about $1 trillion in value in the 16% drop since its peak on May 14. Nvidia's so-called P/E ratio - that is, the share price divided by the profit forecast one year ahead - has fallen to 18, the lowest level since early 2019
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