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Nvidia Loses $190 Billion in Market Value


Sat 20 Apr 2024 | 12:10 AM
Rafael Henrique | Sopa Images | Lightrocket | Getty Images
Rafael Henrique | Sopa Images | Lightrocket | Getty Images
Taarek Refaat

The stock of Nvidia, the American chip giant, fell on the Wall Street Stock Exchange by about 10% during Friday’s session, causing the company to lose $190 billion of its market value, falling from third to fifth spot among the largest companies in terms of value in the world.

According to what was reported by CNBC, the company's market value fell to about $1.898 trillion after the share price fell to about $759.59.

The company thus left the $2 trillion club after joining it last February.

Saudi Aramco rose to third place in the ranking with a market value of one trillion and $929 billion, while Alphabet remained in fourth place with a market value of one trillion and $918 billion.