Competition remains fierce for the world's largest market capitalization. Nvidia temporarily took first place, ahead of Microsoft and Apple, on Tuesday June 18. But the graphics chip designer, which continues to benefit from the surge in artificial intelligence, has since fallen back to third place. Its stock fell by almost 7% on Monday June 24, after having already lost 6% during the two previous sessions. Bloomberg explains that 430 billion dollars of capitalization evaporated in three sessions, a fall that no listed company had ever experienced.
THE ACTION IS RECOVERING
The Financial Times noted that the decline came after Jensen Huang, the company's co-founder and chief executive, announced he was selling about $95 million in shares. However, no concrete link can be established between the announcement and this downward movement, the sales of shares by managers
business being frequent.
Questioned by CNBC, Dan Chung, director of the Algiers management company, judges that the correction suffered by Nvidia is a “natural process”, occurring on stocks which have risen sharply. And to add that that of the American group has already experienced several corrections and that others are to be expected. Which does not detract from the attractiveness of the stock, given its profit prospects. This has, moreover, gained 7% since Tuesday.