Nvidia recently lost its title as the most valuable publicly traded company, with shares falling and $118 billion in market cap losses. The semiconductor giant surpassed Microsoft, only to fall below once again. Market speculation and the triple witching event on Friday contributed to the volatility. The triple witching event involves the expiration of various contracts such as stock options, stock indices, and futures, leading to increased trading activity and potential price fluctuations. Analysts are monitoring Nvidia’s expected move post the event, with a 7.2% expected move by June 28th. As the second quarter comes to a close, investors are looking ahead to the third quarter and the upcoming earnings season. The market continues to experience uncertainty and fluctuations, with Nvidia’s performance being closely watched in the coming weeks.
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https://finance.yahoo.com/video/nvidias-stock-plunge-erases-118b-132811339.html
Market Cap of Nvidia Drops by $118 Billion due to Stock Plunge
