NVIDIA lost a total market value of 200 billion dollars due to continued stock declines - falls from the top position
June 22, 2024 4:57 JST
NVIDIA's market capitalization is lower than Microsoft and Apple
NVIDIA's total market capitalization decline, “just a normal fluctuation” - AJ Bell
US semiconductor giant NVIDIA became the world's largest company in terms of market capitalization this week, but that position did not last long.
NVIDIA shares continued to fall on the 20th and 21st, and the total rate of decline exceeded 7% at one point. It rose on the 18th and the total market value reached about 3.3 trillion dollars (about 526.5 trillion yen), surpassing Microsoft and Apple. Traders believe that there is no fundamental reason for this continued decline. However, this continued decline at least highlights the threatening upward pace of about 200% in the past year alone, and how vulnerable (weak) it is to a sudden decline like this one due to that rise.
NVIDIA's total market capitalization decline, “just a normal fluctuation” - AJ Bell
US semiconductor giant NVIDIA became the world's largest company in terms of market capitalization this week, but that position did not last long.
NVIDIA shares continued to fall on the 20th and 21st, and the total rate of decline exceeded 7% at one point. It rose on the 18th and the total market value reached about 3.3 trillion dollars (about 526.5 trillion yen), surpassing Microsoft and Apple. Traders believe that there is no fundamental reason for this continued decline. However, this continued decline at least highlights the threatening upward pace of about 200% in the past year alone, and how vulnerable (weak) it is to a sudden decline like this one due to that rise.
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