Nvidia sheds almost $600 billion in market cap, biggest drop ever

Navalia CEO Jensen Huang presented a key address at the Consumer Electronics Show (CES) in Las Vegas, Nevada, Newda, 2025, on January 6, 2025.

Patrick Tea Fallon | AFP | Getty Images

nvidia On Monday, the market cap was lost to $ 600 billion, which is the biggest decline for any company in a single day of US history.

The price of the chipmaker’s stock fell 17 percent to $ 118.58. It was the worst day of the NVIDIA market since March 16, 2020, which was initially infected. After leaving behind apple Last week to become the most valuable trading company, NVIDIA deficiencies on Monday led a 3.1 percent slide in the Tech Heavy Nice Deck.

The sale -off was raised by concerns that the Chinese artificial intelligence lab depressic is offering a growing competition in the World AI war. At the end of the last month, DiPsic unveiled a free, open source large language model that it Says Using less capable chips than NVIDIA, only two months and million took less than 6 million, called the H800s.

NVIDIA’s graphics processing unit (GPUS) dominates the market for AI data center chips in the United States, which likes tech giants AlphabetFor, for, for,. MethodAnd Amazon Spending billions of dollars on processors to train and run your AI model. Kentore analysts wrote in a report on Monday that the release of Depsy’s latest technology has caused a lot of grief about the effects of computing demand, and therefore, the GPU is concerned about peak costs. “”

Analysts, who recommend buying shares of Nvidia, said they “think this theory is far from the truth”, and the progress in AI most likely “AI industry seeking more computers, less, less No. “

But after NVIDIA’s tremendous run-up-stacked 239 % in 2023 and 171 % last year-market costs are about any potential pullback. BroadcomThe other major US chipmaker fell 17 percent on Monday to see the price of giant giant by AI, making his market cap of $ 200 billion.

Data center companies relied on NVIDIA’s GPUS for sale of their hardware. DealFor, for, for,. Health Packard Enterprise And Super Micro Computer At least 5.8 % dropped. OrangePart of President Donald Trump’s latest AI move, decreased by 14 %.

For NVIDIA, the loss was doubled by a decline of $ 279 billion shown to the company in September, which was the biggest loss of one -day market price in history, which in 2022 loses $ 232 billion. Eliminate Earlier, the fastest drop was 2 182 billion by Apple in 2020.

NVIDIA deficiency is doubled than market cap Coca -fola And Shaverone And Oracle and both market value is over Netflix.

According to CEO Jensen Huang’s net worth also gained massive success, which has decreased by about $ 21 billion Forbes’ real -time billionaire list. The move made Huang at 17th in the richest list.

Open’s Chattagpat as the most downloaded free app in the United States on Apple’s App Store, a sudden excitement around DiPsic last weekend, pushed its app. The development of this model has come out despite recent prevention on US chip exports to China.

Venture Capitalist David Six, whom Trump tapped to become the White House’s AI and Cryptozar, is written on x The model of the Deepesic shows that the AI ​​race will be very competitive, and that Trump has the right to retrieve AI Safety’s Executive Order last week.

“I trust the United States but we can’t be satisfied,” said the borers.

Navidia is now the third highly valuable public company behind Apple and Microsoft.

See: CNBC’s full interview with Burnstein Stsi Rasgen

Leave a Comment