Stock Market Today: Nvidia’s stock fell more than the entire wealth of Ambani-Adani in one day (Nvidia Stock Crash).
Stock Market Today: The US stock market depends a lot on these tech companies. One such tech company suffered a major setback on Tuesday. According to calculations, Nvidia’s stock (Nvidia stock crash) has caused a loss of more than the entire wealth of Ambani-Adani in a day.
How much is Nvidia’s stock falling?
Nvidia’s stock, which has grown like a rocket in recent years, suffered heavy losses on Tuesday. Shares of the largest semiconductor manufacturer fell by more than 9 percent, causing the company to suffer the biggest one-day decline in its market history. The company’s market cap has fallen so much in a day that it is more than the entire wealth of India’s two richest people Mukesh Ambani and Gautam Adani.
Biggest loss in a day
The US market was closed on Monday. When the markets opened on Tuesday after the public holiday, the US market saw a decline. The biggest contributor to the decline was Nvidia, whose stock price fell by 9.5 percent. Due to this, Nvidia’s market cap fell by $279 billion in a day.
What is the net worth of Ambani and Adani?
How big this fall is can be gauged from the fall in the wealth of India’s two richest persons Mukesh Ambani and Gautam Adani. According to the Forbes Realtime Billionaires List, Mukesh Ambani, the richest person in India and Asia, has a net worth of $117.3 billion. He is ranked twelfth in the list of the richest people in the world. At the same time, Gautam Adani is the second richest person in India and the 21st richest person in the world with a net worth of $83.4 billion.
Loss more than Elon Musk’s entire wealth
The combined net worth of Mukesh Ambani and Gautam Adani is up to $200 billion, while Nvidia’s one-day macap loss is $279 billion. This fall is more than the net worth of the world’s richest person Elon Musk. In Forbes’ real-time list, Elon Musk is now ranked first among the world’s richest people with a net worth of $241.7 billion.
Nvidia out of the $3 trillion club
Due to this huge drop in shares, Nvidia, which is included in the list of the world’s largest companies, is also facing losses. Nvidia’s total market cap has now come down to $2.649 trillion. Until a few days ago, Nvidia was included in the list of companies with a 3 trillion market cap along with Apple and Microsoft. Currently, Apple is at the first position with a market cap of $3.387 trillion and Microsoft is at the second position with $3.043 trillion.
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