Nvidia Sheds $220 Billion After Short Run as Top Stock
- Chipmaker’s market cap dips below Microsoft and Apple
- Shares slide in investor fatigue ahead of options expiry
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Nvidia Corp.’s run as the world’s most valuable company didn’t last long.
Shares of the semiconductor giant have fallen 6.7% in the last two days, erasing over $220 billion in market capitalization and dragging the company from its place as the world’s top stock. Nvidia’s market cap was about $3.1 trillion on Friday, lower than Apple Inc. at $3.2 trillion and Microsoft Corp. at $3.3 trillion.