Nvidia needs time to get its videogaming business back on track. Fortunately for the chip maker, $76 billion buys a lot of it.
That is how much market value Nvidia has lost over the last three months. Some was due to the great tech selloff that began during that time, but nearly half has melted away since the company’s last earnings report on Nov. 15. That was when Nvidia reported disappointing revenue for its fiscal third quarter and warned that the slump would continue as it works through excess inventory left over by...