NVIDIA Wipes Out Over $480 Billion in Market Cap in a Single Day, Overtaken by Microsoft and Drops to Fourth Place Globally

On November 12 that data from 8MarketCap showed NVIDIA (NVDA) stock priced at $153.6, down 11.59% over the past 24 hours and cumulatively down 15.42% over the past seven days. Its market capitalization fell to approximately $3.708 trillion, below Microsoft's (MSFT) $3.877 trillion, dropping to fourth place globally.