Nvidia enters correction territory as stock falls 10% from all-time highs

Chipmaking giant Nvidia entered “correction territory,” after shares briefly fell 10% from their most recent all-time closing high.

Shares had recovered by Wednesday’s close when they were only about 8% off the high.

The company, which makes graphics processing units — or GPUs — has been a key beneficiary of the artificial intelligence boom, which boosted demand for its chips.

Nvidia GPUs are commonly used for compute-intensive AI…