NVIDIA's market value has evaporated by more than $400 billion in three days, and the stock price has entered the correction area

On June 25th, Nvidia's share price fell on Monday and is entering a correction zone after being sold off sharply recently. The stock is heading for a three-day losing streak. It has fallen 12% in three trading days, and more than 10% represents entering the correction zone. The chip sector was also dragged down, with the Philadelphia Stock Exchange Semiconductor Index falling 2.2% at one point. Broadcom, TSMC and Qualcomm all fell at least 2%. The three-day decline wiped more than $400 billion off Nvidia's market value, back below $3 trillion, below the market value of Microsoft and Apple.