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.
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 |
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