Nvidia falls more than 6% on Wall Street, ceding its second place in global capitalization to Microsoft
Stock falls 6.32% in New York in wake of alleged Chinese spy scandal
Quick Look
Nvidia loses its place as the second largest capitalization in the world to Microsoft after a 6.32% fall in its action in New York, erasing more than $400 billion in capitalization since the alleged Chinese spy scandal involving Jensen Huang.
AI-generated summary
Why It Matters
US semiconductor giant Nvidia is embroiled in an alleged Chinese spying scandal involving its boss Jensen Huang. The company has lost more than $400 billion in market capitalization since the weekend and is now relegated behind Apple and Microsoft in the global rankings.
The American semiconductor giant Nvidia continued to suffer on Tuesday from the alleged Chinese spying scandal involving its boss Jensen Huang, the group having now lost its place as the second largest capitalization in the world to the benefit of Microsoft.
Around 5:15 p.m. GMT, Nvidia shares fell 6.32% to $167.37 on the New York Stock Exchange. Since the affair broke this weekend, the company has seen more than $400 billion in market capitalization disappear, in a context also marked by concerns about the artificial intelligence (AI) sector.
Now relegated behind Apple and Microsoft, Nvidia has not been so low in the ranking of the largest global capitalizations since 2025.
More information to come…
What to Watch
AI outlook — possibilities, not facts
New information on the spy scandal will be released soon
Very likely · Within hours
Open Questions
- What is the exact evidence of alleged Chinese espionage?
- What precise role would Jensen Huang have played in this affair?
- What regulatory actions or sanctions could be taken against Nvidia?
