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Nvidia's stock swoon turns attention to Big Tech's sway over markets

Economic Times · 7m

Nvidia's recent decline in share price, resulting in a $279 billion loss in market capitalization, has raised concerns among investors. The tech giant's stock rebounded slightly on Wednesday, but further trouble for Nvidia and other Big Tech stocks could negatively impact the broader markets. Nvidia, along with other major tech companies, holds a significant weight in stock indexes. Although the company's profits remain strong, its failure to meet investors' high expectations has raised doubts. Index funds and exchange-traded funds may also suffer if Nvidia continues to slide. Nonetheless, Nvidia's shares have more than doubled in 2024 and the stock remains the top performer in the S&P 500.