Nvidia loses $500 billion in the biggest short term loss in company value in all of recorded history. A year ago that would have killed it yet today it will barely notice

pcgamer.com:

It boggles the noggin that Nvidia can have posted the biggest ever loss in value for any company in the history of the world over the past three days, and that it will have precisely zero material impact on Jen-Hsun's gang.

It makes sense after a stratospheric rise in market value, which briefly made Nvidia the most valuable company in the world, that there would be a correction, and that has happened over the past three days. It has now dropped in value by a combined total of 13%, which has effectively knocked over $500 billion off the stock.

Just over a year ago, at the end of January 2023, that sort of financial drop would have seen the company wiped out entirely, when its market capitalization was below the $500 billion mark. And yet here in June 2024 seeing that much wiped off the company's value will hardly be noticed, such is the scale of the GPU giant today, with its current market cap at $2.9 trillion.

Considering that Nvidia is up just over 145% this year, and that over the past twelve months it's up nearly 200%, you can probably see why a fall of 13% isn't going to be a cause for concern within the green team. It's probably still got just about enough cash to keep the lights on.

I mean, after all, the numbers bouncing around stock exchanges aren't real things. The actual money coming in and going out of the company coffers hasn't changed over those three days (well, it may well have continued to increase if the past few quarters of revenue figures are anything to go by), just the perception of the worth of the company in the financial sector has changed.

I've seen finance folk reporting the value drop as both a «bloodbath» and «an absolute slaughter for the AI company,» which honestly just seems a bit much.

But if anywhere is proof of the notion that perception is reality, the financial markets are probably it. Because of Nvidia's slip that pushed the overall market down in turn, and that has led to some fears among analysts that the AI growth had turned