Nvidia Falls Below $3 Trillion Club After 8% Drop, Falling Behind Apple In Market Cap

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.