The stock market has been a rollercoaster in 2024, with some of the biggest single-day swings in market cap on record. One company, Nvidia (NASDAQ:NVDA), has dominated both the biggest gains and losses, making it a hotbed of market volatility in a year when artificial intelligence (AI) is driving much of the action.
Don’t miss:
Let’s analyze the most dramatic market capitalization swings in U.S. history, starting with the biggest gains.
Some of the biggest one-day stock market gains ever have occurred in 2024, led by Nvidia, whose value skyrocketed by hundreds of billions of dollars in just a few hours as excitement over AI developments and strategic moves in the tech industry led to a dramatic increase in the company’s value.
Trending: This Is The AI-Powered Startup Turning Merchants Into Influencers And Achieving 12% Monthly Growth – invest in it for just 10 cents per share.
These are the biggest daily market cap gains in US history:
-
July 31, 2024 – Nvidia: +$327 billion
-
February 22, 2024 – Nvidia: +$277 billion
-
May 23, 2024 – Nvidia: +$218 billion
-
June 11, 2024 – Apple: +$215 billion
-
February 2, 2024 – Meta: +$204 billion
-
April 26, 2024 – Google: +$197 billion
-
February 4, 2022 – Amazon: +$191 billion
-
November 10, 2022 – Apple: +$191 billion
-
May 5, 2023 – Nvidia: +$184 billion
-
May 28, 2024 – Nvidia: +$183 billion
On July 31, 2024, Nvidia saw a staggering $327 billion increase in its market cap in a single day. This was partly due to positive results from AMD, another semiconductor giant, which made investors optimistic, especially given the increasing focus on artificial intelligence (AI) in the technology sector.
Trending: Don’t miss the next Nvidia – For just $10 you can invest in the future of AI.
Nvidia’s performance didn’t stop there; the company posted profits of $277 billion, $218 billion, and $183 billion in February and May 2024, respectively.
However, the same market forces that drove the massive gains also resulted in some of the biggest losses ever. Nvidia was once again at the center of this story, facing multiple days in 2024 where its market cap fell by hundreds of billions of dollars. Here are the most significant single-day losses:
-
September 3, 2024 – Nvidia: -$279 billion
-
February 3, 2022 – Meta: -$232 billion
-
April 19, 2024 – Nvidia: -$212 billion
-
June 24, 2024 – Nvidia: -$208 billion
-
April 29, 2022 – Amazon: -$207 billion
-
July 17, 2024 – Nvidia: -$206 billion
-
July 24, 2024 – Nvidia: -$205 billion
-
August 29, 2024 – Nvidia: -$197 billion
-
July 30, 2024 – Nvidia: -$193 billion
-
August 1, 2024 – Nvidia: -$192 billion
Trending: Teens May Never Have to Have Their Wisdom Teeth Pulled Again Thanks to This MedTech Company – Become an early investor for just $300 for 100 shares!
On September 3, 2024, Nvidia stock fell by $279 billion, marking the largest single-day loss in market cap ever. On several other days in 2024, Nvidia lost more than $200 billion, including April 19, June 24, and July 17.
Nearly all of these big stock moves are tied to the growing influence of AI in the tech industry. Companies like Nvidia, Apple, and Meta are all heavily involved in AI through hardware, software, or infrastructure that supports it.
Read more:
Next: Transform your trading with Benzinga Edge’s unique market trading ideas and tools. Click now to access unique insights that can give you an edge in today’s competitive market.
Want to receive Benzinga’s latest stock analysis?
This article 2024 Redefined Massive Market Cap Swings. One Company Pops Up More Than Any Other In The Wildest One-Day Stock Moves Ever Seen originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
