Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history
Posted: Jan 27, 2025
- $NVDA (Nvidia) lost close to $600 billion in market cap on Monday, the biggest single-day drop in U.S. history
- Nvidia's stock price plummeted 17% to close at $118.58, the worst day on the market since March 16, 2020
- Concerns about competition from Chinese AI lab DeepSeek sparked the selloff
- Cantor analysts recommend buying Nvidia shares, predicting advancements in AI will increase demand for compute
- Market nervous about pullback in spending on Nvidia's GPUs
- Data center companies reliant on Nvidia saw big selloffs: Dell, Hewlett Packard Enterprise, Super Micro Computer
- Nvidia's CEO Jensen Huang's net worth declined roughly $21 billion, demoting him on the richest-person list
- DeepSeek's model surpassed OpenAI's ChatGPT as most-downloaded free app in U.S. on Apple's App Store
- Nvidia is now the third most-valuable public company behind Apple and Microsoft.
- Nvidia experienced the biggest one-day loss in U.S. history, shedding almost $600 billion in market cap
- This resulted in a significant decrease in the company's overall value
- The stock price of Nvidia ($NVDA) likely experienced a sharp decline
- Investors and analysts are closely monitoring the situation to understand the factors contributing to this historic loss
What do people on Reddit think?
🚨 Reddit sentiment: mixed/positive - While there are acknowledgments of the significant loss and potential future risks, there is also a view that the loss is an overreaction, and some users see it as a buying opportunity. Summarized comments: - Nvidia has experienced the biggest one-day loss in U.S. history, shedding almost $600 billion in market cap - Nvidia owns 8 out of 10 of the single biggest loss days in history - Comments suggest this loss might be an overreaction, but the magnitude is still shocking - Some users see this as an opportunity to add to their long-term portfolio - The loss is compared to the GDP of countries, noting it's larger than Norway's GDP - Concerns mentioned include potential future problems like low demand and falling earnings Stock tickers discussed: $NVDA
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