Nvidia lost $406 billion in market value this week. That's a record single-week loss for any U.S. company, more than the combined market capitalization of AMD (134.35, -5.09, -3.65%) and Qualcomm (158.19, -5.51, -3.37%).
Since the release of earnings last week that fell short of market expectations, Nvidia's stock price has continued to fall, falling in four of the six trading days. The pressure was particularly great this week, so much so that the Dow Jones (40345.4102, -410.34, -1.01%) market data showed that the stock had its worst single-week performance in two years.
Nvidia's stock price fell 13.9% this week, after falling 16.1% in the week ending September 2, 2022. The company's current market value is approximately US$2.5 trillion. (Source: Sina Finance)