Nvidia falls from the $3 trillion market cap club after post-earnings slide

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the opening ceremony of a Siliconware Precision Industries Co. plant in Taichung, Taiwan, Jan. 16, 2025. Nvidia is out, leaving Apple as the sole member of the $3 trillion club. The chipmaker's shares rose 2% Friday after a losing session Thursday. Shares shed 8.5% following Nvidia's quarterly earnings, wiping out about $273 billion in value and bringing the company's market cap of $2.94 trillion. Despite this week's 12% slump, 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 more than 12% 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. Playground Global’s Sasha Ostojic told CNBC's "Squawk Box" on Friday that the fundamentals of Nvidia still appear strong despite th ... Read full article.