Nvidia’s stock experienced an 8.5% drop on Thursday, closing at its lowest level in a month amid concerns about its growth outlook. A significant bearish bet contributed to the decline, as a trader purchased over 300,000 options contracts between 2 p.m. and 2:40 p.m., wagering that Nvidia’s shares would fall to $115 by March 7. This represents a projected 12% decline from Wednesday’s closing price, a level not seen since mid-September. The chipmaker, central to the AI spending boom, faced increased scrutiny over its future prospects, leading to this notable market move. — news from Bloomberg
