MarketsSep 12, 2024
$NVDA Claims the Biggest Single-Day Gains & Losses
What We’re Showing
This graphic ranks the biggest single-day stock swings by market cap gain/loss (as of Sept 6, 2024). This data was sourced from Charlie Bilello, Chief Market Strategist at Creative Planning.
Key Takeaway
Given Nvidia’s multi-trillion dollar valuation, billions in market cap can be gained or wiped out in a single day.
Volatility in 2024
2024 is proving to be a volatile year for tech stocks, particularly Nvidia, as investors have recently rotated into more defensive sectors like Utilities and Consumer Staples.
Looking at the Nasdaq-100 index, for example, we can see “falling tops” since July 2024, a pattern in which each peak in price is lower than the previous peak. Falling tops typically indicate a bearish trend.
Dataset
Date | Stock | Single-day Gain ($B) |
---|---|---|
7/31/2024 | Nvidia | 327 |
2/22/2024 | Nvidia | 277 |
5/23/2024 | Nvidia | 218 |
6/11/2024 | Apple | 215 |
2/2/2024 | Meta | 204 |
4/26/2024 | 197 | |
2/4/2022 | Amazon | 191 |
11/10/2022 | Apple | 191 |
5/5/2023 | Nvidia | 184 |
5/28/2024 | Nvidia | 183 |
Date | Stock | Single-day Loss |
9/3/2024 | Nvidia | 279 |
2/3/2022 | Meta | 232 |
4/19/2024 | Nvidia | 212 |
6/24/2024 | Nvidia | 208 |
4/29/2022 | Amazon | 207 |
7/17/2024 | Nvidia | 206 |
7/24/2024 | Nvidia | 205 |
8/29/2024 | Nvidia | 197 |
7/30/2024 | Nvidia | 193 |
8/1/2024 | Nvidia | 192 |
84
0
16.1K