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Nvidia share slide erases more than $550bn in market value

Chipmaker’s shares have fallen 16% since Thursday, ending brief stint as world’s most valuable company last week

Nvidia has shed more than $500bn in market value since briefly becoming the world’s most valuable company last week, as its shares fell almost 7 per cent on Monday.

Nvidia’s market value on Monday fell to $2.91tn, down roughly $550bn from Thursday’s peak. Earlier last week, the company had leapfrogged Microsoft and Apple to become the most valuable publicly listed company in the world, though it has since fallen back to third place.

Nvidia, whose gains alone had been responsible for roughly one-third of the increase in the S&P 500 in 2024, is now down about 16 per cent from its intraday high of $140.76 hit last Thursday.

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