Nvidia takes crown from Apple as largest company before plunging 5%
Portfolio Pulse from
Nvidia briefly surpassed Apple as the largest company by market cap, reaching $3.71 trillion before its shares fell by 5%. Apple saw a slight decline in its shares, bringing its market cap to just under $3.7 trillion.
January 07, 2025 | 4:00 pm
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NEUTRAL IMPACT
Apple's market cap fell slightly below $3.7 trillion as Nvidia briefly overtook it as the largest company.
Apple's slight decline in market cap is notable but not significant enough to suggest a major short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia briefly became the largest company by market cap, surpassing $3.71 trillion, but its shares then fell by 5%.
Nvidia's brief rise to the largest company by market cap is significant, but the subsequent 5% drop in shares suggests a negative short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100