Nvidia sess $90bn wiped from its value after Q3 numbers, but maintains its lead over Apple as world's largest company
Portfolio Pulse from
NVIDIA Corp experienced a $90 billion loss in market value after its Q3 results, despite a strong performance. The company's shares fell 2.5%, but it remains the world's largest company, ahead of Apple.
November 21, 2024 | 8:45 am
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NEUTRAL IMPACT
Apple remains behind NVIDIA as the world's largest company despite NVIDIA's recent market value loss.
Apple is mentioned in the context of market capitalization comparison with NVIDIA. The news does not directly impact Apple's stock price.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20
NEGATIVE IMPACT
NVIDIA's market value dropped by $90 billion after Q3 results, with shares falling 2.5%. Despite strong performance, the market reacted negatively.
NVIDIA's significant market value loss and share price drop indicate a negative short-term impact. Despite strong earnings, the market's expectations were not met, leading to a sell-off.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100