Nvidia bounces back from post-earnings slide, climbing above $3 trillion market cap

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 shares rebounded 3.9% Friday, pushing the tech giant back into the $3 trillion market cap club with Apple. Shares of the chipmaker dropped 8.5% Thursday following the company's quarterly earnings report. The move wiped out about $273 billion in value and brought the company's market cap to $2.94 trillion. Despite this week's 8% 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 ... Read full article.