Key Takeaways
NVIDIA faced a record-breaking single-day drop in market capitalization, losing 9.5% and erasing $278 billion on Tuesday.
Photo by Christian Wiediger on Unsplash
NVIDIA experienced the largest single-day market value drop in history, closing down 9.5% on Tuesday, September 3, and wiping out $278 billion in market capitalization.
This surpasses the previous record set in February 2022 when Meta lost $251 billion. Since announcing its earnings last Wednesday, NVIDIA's stock has fallen 14%, with a total decline of 18% over the past week.
Economic Context
Global GDP Growth in 2.86 %
Latest available data
This analysis reflects economic conditions during a period of 2.86 % global GDP expansion.
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