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Nvidia's Stock Plunge Leads "Magnificent Seven" to a Record Weekly Market-Cap Loss

Nvidia’s market-cap losses this week far exceeded rival AMD’s entire market valueNvidia’s market-cap losses this week are greater than AMD’s entire market value.The decline in “Magnificent Seven” stoc

Nvidia's Stock Plunge Leads "Magnificent Seven" to a Record Weekly Market-Cap Loss

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That’s far more than the total market capitalization of rival Advanced Micro Devices Inc., which stands at $237 billion.</p><p>Shares of Nvidia fell 13.6% on this week as the semiconductor sector came under pressure. Nvidia’s stock also suffered its worst weekly performance on a percentage basis since it dropped 16.1% on Sept. 2, 2022.</p><p style=\"text-align: start;\">It declined 10% in Friday’s action to log its worst single-day percentage drop since it fell 18.5% on March 16, 2020, according to Dow Jones Market Data. With the stock off almost $85, it secured its largest one-day price decline on record.</p><p>Within chips, there’s been “sort of an unwind of the entire sector” that’s been “accelerating day by day” over the past week or so, according to Mizuho desk-based analyst Jordan Klein.</p><p>The chip company’s $212 billion loss of market cap Friday was a new daily record for Nvidia, more than the $129 billion in market value that it lost on March 8, 2024. It was also the second-worst daily loss of market value for any U.S. company on record.</p><p style=\"text-align: start;\">Apple sported a loss of $178 billion in market cap on the week, while Microsoft was down $169 billion in market value.</p><p style=\"text-align: start;\">All seven of the large technology-related stocks known as the Magnificent Seven saw weekly stock-price declines, led by Tesla, which was off 14%.</p><p>Tesla’s market cap fell by $76 billion this week, dropping the company down the ranks of the largest U.S. companies. The electric-vehicle maker fell below Walmart Inc. on Thursday and slipped below Exxon Mobil Corp. on Friday, placing the company at No. 14. Prior to this week, it hadn’t been worth less than either of those corporations since January 2023.</p><p style=\"text-align: start;\">Amazon.com Inc. shed $118 billion in market value this week, while Alphabet Inc. erased $41 billion from its valuation. Meta Platforms Inc.’s market cap saw a $68 billion decline over the period.</p><p style=\"text-align: start;\">The weekly market-cap losses for the Magnificent Seven in aggregate were far steeper than the previous record of $872 billion set in January 2022, according to Dow Jones Market Data.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia's Stock Plunge Leads \"Magnificent Seven\" to a Record Weekly Market-Cap Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia's Stock Plunge Leads \"Magnificent Seven\" to a Record Weekly Market-Cap Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-20 07:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nvidia’s market-cap losses this week far exceeded rival AMD’s entire market value</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/606ebf14b726e56de3a7afeb7ae221e0\" alt=\"Nvidia’s market-cap losses this week are greater than AMD’s entire market value.\" title=\"Nvidia’s market-cap losses this week are greater than AMD’s entire market value.\" tg-width=\"922\" tg-height=\"609\"/><span>Nvidia’s market-cap losses this week are greater than AMD’s entire market value.</span></p><p>The decline in “Magnificent Seven” stocks erased a collective $950 billion from their market capitalizations this week, which made for the group’s worst-ever weekly loss of market value.</p><p style=\"text-align: start;\">While Tesla Inc.’s stock was the biggest weekly percentage decliner of the gang from a stock perspective, Apple Inc.,  Microsoft Corp. and Nvidia Corp. were bigger contributors to the market-cap losses, as those latter three companies are all worth substantially more than the electric-car maker.</p><p>Nvidia was the biggest market-cap loser of the week, shedding almost $300 billion. That’s far more than the total market capitalization of rival Advanced Micro Devices Inc., which stands at $237 billion.</p><p>Shares of Nvidia fell 13.6% on this week as the semiconductor sector came under pressure. Nvidia’s stock also suffered its worst weekly performance on a percentage basis since it dropped 16.1% on Sept. 2, 2022.</p><p style=\"text-align: start;\">It declined 10% in Friday’s action to log its worst single-day percentage drop since it fell 18.5% on March 16, 2020, according to Dow Jones Market Data. With the stock off almost $85, it secured its largest one-day price decline on record.</p><p>Within chips, there’s been “sort of an unwind of the entire sector” that’s been “accelerating day by day” over the past week or so, according to Mizuho desk-based analyst Jordan Klein.</p><p>The chip company’s $212 billion loss of market cap Friday was a new daily record for Nvidia, more than the $129 billion in market value that it lost on March 8, 2024. It was also the second-worst daily loss of market value for any U.S. company on record.</p><p style=\"text-align: start;\">Apple sported a loss of $178 billion in market cap on the week, while Microsoft was down $169 billion in market value.</p><p style=\"text-align: start;\">All seven of the large technology-related stocks known as the Magnificent Seven saw weekly stock-price declines, led by Tesla, which was off 14%.</p><p>Tesla’s market cap fell by $76 billion this week, dropping the company down the ranks of the largest U.S. companies. The electric-vehicle maker fell below Walmart Inc. on Thursday and slipped below Exxon Mobil Corp. on Friday, placing the company at No. 14. Prior to this week, it hadn’t been worth less than either of those corporations since January 2023.</p><p style=\"text-align: start;\">Amazon.com Inc. shed $118 billion in market value this week, while Alphabet Inc. erased $41 billion from its valuation. Meta Platforms Inc.’s market cap saw a $68 billion decline over the period.</p><p style=\"text-align: start;\">The weekly market-cap losses for the Magnificent Seven in aggregate were far steeper than the previous record of $872 billion set in January 2022, according to Dow Jones Market Data.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","BK4574":"无人驾驶","TSLA":"特斯拉","BK4505":"高瓴资本持仓","BK4573":"虚拟现实","AAPL":"苹果","WMT":"沃尔玛","BK4504":"桥水持仓","BK4581":"高盛持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","NVDA":"英伟达","META":"Meta Platforms","MSFT":"微软","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU0072462426.USD":"贝莱德全球配置 A2","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","SG9999014542.SGD":"United Income Focus Trust Acc SGD","AMD":"美国超微公司","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","GOOGL":"谷歌A","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU0823414478.USD":"法巴经典能源转换基金","LU0080751232.USD":"富达环球多元动力基金A","GOOG":"谷歌","XOM":"埃克森美孚","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","AMZN":"亚马逊","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","BK4503":"景林资产持仓","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2428086698","content_text":"Nvidia’s market-cap losses this week far exceeded rival AMD’s entire market valueNvidia’s market-cap losses this week are greater than AMD’s entire market value.The decline in “Magnificent Seven” stocks erased a collective $950 billion from their market capitalizations this week, which made for the group’s worst-ever weekly loss of market value.While Tesla Inc.’s stock was the biggest weekly percentage decliner of the gang from a stock perspective, Apple Inc.,  Microsoft Corp. and Nvidia Corp. were bigger contributors to the market-cap losses, as those latter three companies are all worth substantially more than the electric-car maker.Nvidia was the biggest market-cap loser of the week, shedding almost $300 billion. That’s far more than the total market capitalization of rival Advanced Micro Devices Inc., which stands at $237 billion.Shares of Nvidia fell 13.6% on this week as the semiconductor sector came under pressure. Nvidia’s stock also suffered its worst weekly performance on a percentage basis since it dropped 16.1% on Sept. 2, 2022.It declined 10% in Friday’s action to log its worst single-day percentage drop since it fell 18.5% on March 16, 2020, according to Dow Jones Market Data. With the stock off almost $85, it secured its largest one-day price decline on record.Within chips, there’s been “sort of an unwind of the entire sector” that’s been “accelerating day by day” over the past week or so, according to Mizuho desk-based analyst Jordan Klein.The chip company’s $212 billion loss of market cap Friday was a new daily record for Nvidia, more than the $129 billion in market value that it lost on March 8, 2024. It was also the second-worst daily loss of market value for any U.S. company on record.Apple sported a loss of $178 billion in market cap on the week, while Microsoft was down $169 billion in market value.All seven of the large technology-related stocks known as the Magnificent Seven saw weekly stock-price declines, led by Tesla, which was off 14%.Tesla’s market cap fell by $76 billion this week, dropping the company down the ranks of the largest U.S. companies. The electric-vehicle maker fell below Walmart Inc. on Thursday and slipped below Exxon Mobil Corp. on Friday, placing the company at No. 14. Prior to this week, it hadn’t been worth less than either of those corporations since January 2023.Amazon.com Inc. shed $118 billion in market value this week, while Alphabet Inc. erased $41 billion from its valuation. Meta Platforms Inc.’s market cap saw a $68 billion decline over the period.The weekly market-cap losses for the Magnificent Seven in aggregate were far steeper than the previous record of $872 billion set in January 2022, according to Dow Jones Market Data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":49,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":35,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}