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The more than $200 billion rally came after Huang said the company’s customers are “emotional” and “tense” due to their desire for more of Nvidia’s high-tech products.

Nvidia stock ( NVDA) sank as much as 5% on Friday as the semiconductor sector led a market sell-off in the final trading session of a volatile first week of September.

The chip maker's shares have tended to pop after the Federal Reserve cuts interest rates, judging by data stretching back to 1999.