Nvidia bounced from the $3 trillion market cap club after falling more than 8%

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of the Siliconware Precision Industries Co. (SPIL) Tan Ke Plant in Taichung, Taiwan, on Thursday, Jan. 16, 2025. Nvidia is out, leaving Apple as the sole member of the $3 trillion club. The chipmaker's shares slumped more than 8% on Thursday following quarterly earnings, wiping out about $273 billion in value and giving the company a market cap of $2.94 billion. The S&P 500 index fell 1.6% and the Nasdaq dropped 2.8%. Nvidia is still the second most valuable U.S. tech company, behind Apple , and ahead of Microsoft , one of its biggest customers. So far in 2025, Nvidia shares have lost 10% of their value, as the company faces investor concerns about export controls, tariffs, more efficient artificial intelligence models, and an overall slowing pace of growth. Even after the latest slide, Nvidia is still worth five times more than it was two years ago, at the start of the generative AI ... Read full article.