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Nvidia Dominates List Of The Biggest Single-Day Stock Swings Of All Time
Nvidia Dominates List Of The Biggest Single-Day Stock Swings Of All Time
In this graphic, https://www.visualcapitalist.com/ranking-the-biggest-single-day-stock-swings-of-all-time/
the biggest single-day stock swings in U.S. history, by total change in market capitalization in U.S. dollars.
These numbers were sourced from the https://bilello.blog/2024/the-week-in-charts-9-9-24
, Chief Market Strategist at Creative Planning.
Data and Highlights
All of the numbers we used to create this graphic are listed in the tables below, starting with single-day market cap gains.
Many of these single-day gains are related to news around artificial intelligence.
For instance, on July 31, 2024, Nvidia jumped 12%, gaining a massive $327 billion in market cap. This was due to better-than-expected results posted by AMD, another U.S. https://www.visualcapitalist.com/semiconductor-companies-by-industry-revenue-share-2023/
with a focus on artificial intelligence (AI).
A few weeks earlier on June 11, 2024, Apple shares recorded their best day since 2022 after the company revealed its on-device AI system, Apple Intelligence.
Next, let’s look at the biggest single-day market cap losses in U.S. history.
Again, we can see that all of these losses were recorded in the past few years. Given today’s multi-trillion dollar valuations, billions in company market cap can be gained or wiped out in a single day.
Volatility in 2024
2024 is proving to be a volatile year for tech stocks, particularly Nvidia, as investors have recently https://www.morningstar.com/news/marketwatch/20240912287/defensive-stocks-are-making-a-comeback-as-fed-readies-rate-cuts-whats-next-for-wall-streets-hottest-trade
like Utilities and Consumer Staples. For reference, the S&P 500’s utilities sector has climbed over 21% YTD in 2024.
Looking at the https://finance.yahoo.com/quote/%5ENDX/
, we can see the beginning of a “falling tops” pattern since July 2024, meaning each peak in price is lower than the previous peak. Falling tops typically indicate a bearish trend.
https://cms.zerohedge.com/users/tyler-durden
Sat, 09/14/2024 - 19:15
https://www.zerohedge.com/markets/nvidia-dominates-list-biggest-single-day-stock-swings-all-time
Nvidia Dominates List Of The Biggest Single-Day Stock Swings Of All Time
In this graphic, https://www.visualcapitalist.com/ranking-the-biggest-single-day-stock-swings-of-all-time/
the biggest single-day stock swings in U.S. history, by total change in market capitalization in U.S. dollars.
These numbers were sourced from the https://bilello.blog/2024/the-week-in-charts-9-9-24
, Chief Market Strategist at Creative Planning.
Data and Highlights
All of the numbers we used to create this graphic are listed in the tables below, starting with single-day market cap gains.
Many of these single-day gains are related to news around artificial intelligence.
For instance, on July 31, 2024, Nvidia jumped 12%, gaining a massive $327 billion in market cap. This was due to better-than-expected results posted by AMD, another U.S. https://www.visualcapitalist.com/semiconductor-companies-by-industry-revenue-share-2023/
with a focus on artificial intelligence (AI).
A few weeks earlier on June 11, 2024, Apple shares recorded their best day since 2022 after the company revealed its on-device AI system, Apple Intelligence.
Next, let’s look at the biggest single-day market cap losses in U.S. history.
Again, we can see that all of these losses were recorded in the past few years. Given today’s multi-trillion dollar valuations, billions in company market cap can be gained or wiped out in a single day.
Volatility in 2024
2024 is proving to be a volatile year for tech stocks, particularly Nvidia, as investors have recently https://www.morningstar.com/news/marketwatch/20240912287/defensive-stocks-are-making-a-comeback-as-fed-readies-rate-cuts-whats-next-for-wall-streets-hottest-trade
like Utilities and Consumer Staples. For reference, the S&P 500’s utilities sector has climbed over 21% YTD in 2024.
Looking at the https://finance.yahoo.com/quote/%5ENDX/
, we can see the beginning of a “falling tops” pattern since July 2024, meaning each peak in price is lower than the previous peak. Falling tops typically indicate a bearish trend.
https://cms.zerohedge.com/users/tyler-durden
Sat, 09/14/2024 - 19:15
https://www.zerohedge.com/markets/nvidia-dominates-list-biggest-single-day-stock-swings-all-time