Biggest Market Loss In History: Nvidia Stock Plunges 15% As DeepSeek Shakes AI Darling [View all]

Source: Forbes

Shares of Nvidia plunged 15% by 11:15 a.m. EST, heading toward its worst daily percentage loss since March 2020, when stocks briefly crashed at the start of the COVID-19 pandemic.

Nvidia lost about $520 billion in market capitalization Monday, which would be by far the single greatest one-day value wipeout of any company in history, exceeding the $279 billion market cap lost by none other than Nvidia on Sept. 3, 2024 (Meta’s $251 billion loss Feb. 3, 2022 is the third-biggest daily loss).

The slide knocked Nvidia from its position as the world’s most valuable company, sending its valuation from $3.5 trillion to $2.98 trillion, less than Apple’s and Microsoft’s.

Nvidia headlined broader U.S. stock losses, as the benchmark S&P 500 fell 1.7% and the tech-concentrated Nasdaq dropped 2.9%, and other major AI technology providers including fellow chip designers Arm and Broadcom plus data storer Oracle all tanked at least 9%.

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Read more: https://www.forbes.com/sites/dereksaul/2025/01/27/biggest-market-loss-in-history-nvidia-stock-plunges-15-as-deepseek-shakes-ai-darling/