• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Nvidia loses nearly $600 billion in market value after Chinese AI startup bursts onto scene

by January 28, 2025
written by January 28, 2025

Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic.

The plunge came amid a global tech stock sell-off over fears about America’s leadership in the AI sector. Those fears were largely sparked by advances claimed by a Chinese artificial intelligence startup.

Shares of the chipmaker, one of the primary beneficiaries of the artificial intelligence boom in tech stocks, plummeted as much as 18%. That pushed Nvidia’s market value below $3 trillion. Still, shares of the firm are up more than 480% over the last two years.

The drop accounted for nearly $600 billion in lost market value though. It is the biggest market value drop in U.S. stock market history, according to Bloomberg. And nearly double the second worst drop in history, also seen by Nvidia shareholders in September 2024, when the company shed $279 billion in value.

For some perspective, the amount of market value lost by Nvidia on Monday is more than the entire market value of Exxon Mobil, Costco, Home Depot or Bank of America.

Due to the AI-fueled surge in mega-cap tech stocks, Nvidia catapulted into the top five most valuable companies in the world in 2023. The surge didn’t stop there, with the company soaring past Alphabet, Microsoft and the most valuable company in the world: Apple. At its most recent peak, Nvidia reached a towering $3.7 trillion.

With Monday’s losses, Apple has retaken the title of world’s most valuable company and Nvidia’s value sank to around $2.9 trillion.

Nvidia’s drop was also a drag on the Dow Jones Industrial Average, which finished the day higher but began the day in the red. Nvidia joined the prestigious 30-stock index in November, replacing rival chipmaker Intel. The Nasdaq Composite, which more closely tracks publicly traded tech companies, slid around 3%.

The global sell-off in tech stocks also meant the S&P Technology sector fell into the red for the year so far, the only sector lower over that time.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
DeepSeek hit with large-scale cyberattack, says it’s limiting registrations
next post
Health experts prep Dem lawmakers on anti-vaccine arguments ahead of RFK Jr’s confirmation hearings

related articles

YouTube to pay $24 million to settle Trump...

October 1, 2025

Charlie Javice sentenced to 7 years in prison...

October 1, 2025

Video game maker Electronic Arts to be acquired...

October 1, 2025

Nearly 200,000 BMWs recalled over potential fire risk

September 30, 2025

Trump says U.S. will impose new tariffs on...

September 29, 2025

Former Fed chairs warn that removing Lisa Cook...

September 27, 2025

Amazon to pay $2.5 billion to settle FTC...

September 27, 2025

The charm of watching movies in theaters is...

September 25, 2025

Ben & Jerry’s co-founder resigns, claiming parent company...

September 18, 2025

LimeWire acquires Fyre Festival, asking ‘What Could Possibly...

September 17, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Poll position: How Trump’s approval rating compares to his presidential predecessors

    April 18, 2025
  • Oil and natural gas: Oil again above $75.00 on Friday

    October 7, 2024
  • Whitmer explains her Oval Office folder fiasco

    April 14, 2025
  • GOP lawmaker scraps with Democrat in hearing over transgender ‘slur,’ bathroom rights: ‘Not going to have it’

    February 5, 2025
  • Short MSFT: break of trend support and disappointing azure revenue signal near-term downtrend potential

    July 31, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,281)
  • Investing (634)
  • Stock (935)

Latest Posts

  • JD Vance to tail Kamala Harris and her running mate this week on campaign trail

    August 5, 2024
  • Best gold stocks and ETFs to buy as its price surges

    April 22, 2025
  • DAVID MARCUS: De facto President Trump’s handling of shutdown threat was a masterclass

    December 21, 2024

Recent Posts

  • Engravings on shooter’s ammo exposes Charlie Kirk assassination motive

    September 12, 2025
  • GOP lawmakers rebuke Elon Musk’s primary threats, say Trump’s legislation ‘something we’ve got to do’

    July 3, 2025
  • Harris-Trump cash dash: Former president looks to flip script with fundraising swing in oil country

    September 28, 2024

Editor’s Pick

  • Trump returns to Europe for the 1st time following election win for Notre Dame’s reopening

    December 6, 2024
  • Trump says he wasn’t ‘trolling’ about acquiring Greenland, Canada as 51st state

    April 25, 2025
  • More than 100 former GOP officials from past administrations publicly endorse Harris over Trump

    September 18, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock