Chinese AI app - game changer? The Chinese app had been flying under the radar for a few weeks, but it surfaced in a big way over the weekend of January 25-26. By Monday, it was clear this was going to be a market game-changer. The tech-heavy Nasdaq 100 sank 3% lead by none other than Nvidia – down 17% for the day and resulting in a market cap loss of close to $600 billion, the biggest drop ever for a U.S. company.
To put that in perspective, Nvidia’s decline is more than double the entire market cap of Coca-Cola and Chevron. In a single day, Nvidia sank from number one to the third most-valuable public company, behind Apple and Microsoft.
To put that in perspective, Nvidia’s decline is more than double the entire market cap of Coca-Cola and Chevron. In a single day, Nvidia sank from number one to the third most-valuable public company, behind Apple and Microsoft.
RSS Feed