US Stock Market News | NVIDIA fell nearly 6%, marking the largest intraday drop since May 1st
NVIDIA's stock price fell nearly 6%, marking the largest intraday drop since May 1. Currently, NVIDIA's market value is lower than Microsoft and Apple. Despite a 156% increase in NVIDIA's stock price this year, it remains one of the best-performing stocks in the Nasdaq 100 Index
Intellifinance learned that on Monday, NVIDIA (NVDA.US) saw its decline widen, with the stock falling nearly 6% to $119, marking its largest intraday drop since May 1. Currently, NVIDIA's market value is lower than that of Microsoft (MSFT.US) and Apple (AAPL.US) - last Friday, NVIDIA's market value was about $3.1 trillion, lower than Apple's $3.2 trillion and Microsoft's $3.3 trillion. However, the company's stock price has still risen by 156% from the beginning of the year to the most recent closing day, making it the best-performing stock in the tech-heavy Nasdaq 100 Index