Nvidia loses nearly $500 billion in market capitalization in a week
On Thursday, the tech giant's shares closed at $166.19.
Over the week, Nvidia's shares fell by 4.34%, and its market capitalization decreased by approximately $490 billion. The company ceded its position as the world's largest public company to Apple. The chipmaker's market capitalization dropped from $4.498 trillion to $4.005 trillion over the week.
The stock performance was influenced not only by concerns surrounding the company's leadership but also by a reassessment of the artificial intelligence sector's prospects. For investors, one of the key uncertainties remains Nvidia's corporate governance.
The market is also trying to determine whether the company can maintain its previous growth rates and leadership without CEO Jensen Huang, who has shaped its development for over 30 years. Nonetheless, Nvidia's production partners, technological base, and client infrastructure remain intact.
The performance of other technology companies was mixed: AMD and Broadcom shares rose, while CoreWeave, Nebius, TSMC, and Intel stocks declined. The downturn also affected ASML, Micron, SK Hynix, and Sandisk.
