Nvidia shares surge nearly 7%, bouncing after $430 billion market slump
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Shares of Nvidia surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker's market value.

Nvidia's shares finished at $126.09, after a tumble that saw them lose around 13% from their June 18 close of $135.58. The drop followed a rally that accelerated after a 10-for-1 stock split that took effect on June 10.

The bounce today is a normal technical bounce after a 15% drop in three days; you're not going to go straight down every single day," said Tom Hayes, chairman at Great Hill Capital in New York. "It's a great company, it's a great CEO, and you have insiders selling three-quarters of a billion worth of stock just as retail investors were getting involved with the split," Hayes added. 

 shares of Nvidia (NVDA) surged nearly 7% on Tuesday, bouncing back from a three-session decline that had wiped out approximately $430 billion from the company's market value. After the rebound, Nvidia's shares finished at $126.09, recovering from a drop of around 13% since their June 18 close of $135.58. 

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