Tech Market Cap Losses

Tech's megacap companies lost about $1 trillion in market cap as U.S. markets opened for trading on Monday, deepening a downturn that sent the Nasdaq into correction territory last week. Nvidia, Apple, and Amazon were among the companies that experienced significant market cap losses.

Nvidia's Rise to Most Valuable Public Company

Nvidia, known for gaming chips, has become the most valuable public company globally due to its AI chips. Its market cap now exceeds Microsoft and Apple, with a dominant position in the AI chip market and significant revenue growth.

Nvidia Becomes Most Valuable Public Company

Nvidia, known for its graphics chips, has become the most valuable public company in the world, surpassing Microsoft and Apple. Its market cap is $3.34 trillion, with significant growth driven by AI chip dominance in data centers.

Nvidia Surpasses Apple in Market Cap

Nvidia surpassed Apple in market cap, becoming the second most valuable public company, with a $3 trillion market cap milestone. Nvidia's growth is driven by AI chip sales to data centers, while Apple faces challenges with slowing sales. Nvidia's stock has risen significantly in recent years, fueled by its AI business.