Nvidia Drops Below $3 Trillion Mark After 8% Plunge 📉
Nvidia's shares plummeted over 8%, erasing more than $200 billion in market value and slipping behind Apple in market capitalization. Find out what caused the sharp decline and what it means for investors.
Benzinga
449 views • Feb 28, 2025
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Nvidia lost its place in the $3 trillion club after its shares fell more than 8% on Thursday. The chipmaker lost more than $200 billion in value. Nvidia remains the second most valuable U.S. tech company behind Apple, surpassing Microsoft. Nvidia's quarterly revenue saw a substantial annual increase, driven by strong growth in its data center business. The chipmaker’s stock has fallen 10% in 2025 amid concerns over export controls, tariffs, AI efficiency improvements, and slowing growth. Nvidia is still worth five times more than it was two years ago.
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449
Duration
0:38
Published
Feb 28, 2025