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Nvidia Sheds $200 Billion in Value After Short Run as Top Stock [Yahoo! Finance]
Last microsoft corporation earnings: 4/29 04:06 pm
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Most Read from Bloomberg At Blackstone's $339 Billion Property Arm, the Honeymoon Is Over CDK Tells Car Dealers Their Systems Will Likely Be Down for Days Car Dealerships Across US Halt Services After Cyberattack United Airlines Jet Turns Back After Engine Piece Falls Off Putin's Hybrid War Opens a Second Front on NATO's Eastern Border Shares of the semiconductor giant have tumbled on back-to-back days, dropping more than 7%, after rallying earlier in the week and pushing its valuation to $3.3 trillion, just above Microsoft Corp. and Apple Inc. Traders said there weren't any fundamental reasons behind the two-day selloff but it does, if nothing else, underscore how big the company had become after almost tripling in value over the past year. Given the three megacaps have jockeyed all month for the pole position, Nvidia, of course, could reclaim the top spot soon enough after shedding more than $200 billion in market value in two days. “Nothing has gone wrong at Nvidia
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