With the significant progress made in the field of artificial intelligence in recent years, NVIDIA turned its attention to this area and increased its market value significantly within a few months, joining the competition among the most valuable companies in the world. However, the company recently experienced a serious setback. This was met with surprise in the technology world. Here is NVIDIA market value…
NVIDIA market value dropped by 10%!
Last Friday, NVIDIA ‘s market value fell from $2 trillion to $1.905 trillion , a 10 percent decrease . With this decline, the company suffered a value loss of 212 billion dollars . This decline had a shocking effect on shareholders.
NVIDIA , which fell from third to fifth place in the ranking of the world’s most valuable companies , suffered such a large loss for the first time since the beginning of the pandemic in March 2020. It is a matter of curiosity what kind of strategy the company, which generally increases its value with every new development in the artificial intelligence sector, will follow after this decline.
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Just ahead of NVIDIA is Alphabet (Google) with a market value of $1.925 trillion . Saudi Aramco is one step higher with $1.949 trillion . The list continues with Apple at the top with $2.547 trillion and Microsoft at the top with a market value of $2.965 trillion .
The world’s most valuable companies are listed as follows;
| Rank | Company | Market value |
|---|---|---|
| 1 | Microsoft | $2.965 trillion |
| 2 | Apple | $2.547 trillion |
| 3 | Saudi Aramco | $1.949 trillion |
| 4 | Alphabet (Google) | $1.925 trillion |
| 5 | NVIDIA | $1.905 trillion |
| 6 | Amazon | $1.816 trillion |
| 7 | Meta Platforms (Facebook) | $1.220 trillion |
| 8 | Berkshire Hathaway | $875.60 billion |
| 9 | Eli Lilly | $690.55 billion |
| 10 | TSMC | $662.38 billion |
