In the premarket on Monday, Nvidia (NASDAQ:NVDA) shares are down, likely continuing their losses for a third straight day after wiping out more than $220 billion in market capitalization.
As of the time of writing, the stock was down 2.1% in the premarket. NVDA’s market capitalization is about to drop by an additional $65 billion at the present pricing.
Compared to Apple’s (AAPL) $3.2 trillion and Microsoft’s (MSFT) $3.3 trillion, Nvidia’s market valuation at the end of last week was approximately $3.1 trillion. Though it was unable to maintain its lead, the AI chipmaker momentarily surpassed Microsoft (NASDAQ:MSFT) last week to become the most valuable business in the world.
Nevertheless, NVDA is the top-performing stock in the tech-heavy Nasdaq 100 index, having gained 155% so far this year.
