Apple is now the only company in the $3 trillion club after Nvidia left. The chipmaker’s stock fell almost 2% in premarket trade on Friday, setting it up to compound the losses from the previous day.
Shares fell 8.5% after Nvidia’s quarterly results, erasing around $273 billion in value and lowering the company’s market capitalisation to $2.94 trillion.
Prior to Microsoft, one of its largest clients, and after Apple, Nvidia is the second most valued tech business in the United States.
Since investors are worried about export restrictions, tariffs, more effective AI models, and a generally slower rate of growth, Nvidia’s stock has dropped 10% in value thus far in 2025.
Since the beginning of the generative AI boom two years ago, Nvidia’s value has increased fivefold, even with the most recent decline. Its market capitalisation peaked at $3 trillion in June 2024.
Source (CNBC)
