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Nvidia Stock Loses The Value Of McDonald's, Disney, Coinbase Combined Since Q2 Earnings: AI Darling's Decline Continues Tuesday

Benzinga LogoBenzinga11h ago

Nvidia Stock Loses The Value Of McDonald's, Disney, Coinbase Combined Since Q2 Earnings: AI Darling's Decline Continues Tuesday - Benzinga

Quick Summary:

NVIDIA Corporation (NASDAQ:NVDA)’s second-quarter report was viewed of the most important earnings prints in recent memory and a gauge for how the overall stock market could perform going forward.

With high expectations and a history of beating analyst estimates, investors and analysts turned their attention to the company's second-quarter earnings report and conference call, complete with some watch parties in big cities.

On Tuesday, shares are trading at $109.04, down 13.4% in three trading days.Based on 24.53 billion Nvidia shares outstanding, this represents a loss of $413.1 billion in Nvidia's market capitalization over the last three trading sessions.


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Article Details

Author / Journalist: Chris Katje

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 20:01:33 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22354784

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 45 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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