{"id":1489963,"date":"2024-09-14T23:15:00","date_gmt":"2024-09-15T03:15:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1489963"},"modified":"2024-09-14T23:15:00","modified_gmt":"2024-09-15T03:15:00","slug":"nvidia-dominates-list-of-the-biggest-single-day-stock-swings-of-all-time","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/nvidia-dominates-list-of-the-biggest-single-day-stock-swings-of-all-time\/1489963\/","title":{"rendered":"Nvidia Dominates List Of The Biggest Single-Day Stock Swings Of All Time"},"content":{"rendered":"

Nvidia Dominates List Of The Biggest Single-Day Stock Swings Of All Time<\/span><\/p>\n

\n

In this graphic, Visual Capitalist’s Marcus Lu ranked<\/a> the biggest single-day stock swings in U.S. history, by\u00a0total change in market capitalization<\/strong>\u00a0in U.S. dollars.<\/p>\n

<\/a><\/p>\n

These numbers were sourced from the\u00a0blog of Charlie Bilello<\/a>, Chief Market Strategist at Creative Planning.<\/em><\/p>\n

Data and Highlights<\/h2>\n

All of the numbers we used to create this graphic are listed in the tables below, starting with single-day market cap gains.<\/p>\n

<\/a><\/p>\n

Many of these single-day gains are related to news around artificial intelligence.<\/p>\n

For instance, on July 31, 2024,\u00a0Nvidia<\/strong>\u00a0jumped 12%, gaining a massive $327 billion in market cap. This was due to better-than-expected results posted by\u00a0AMD<\/strong>, another U.S.\u00a0semiconductor company<\/a>\u00a0with a focus on artificial intelligence (AI).<\/p>\n

A few weeks earlier on June 11, 2024,\u00a0Apple<\/strong>\u00a0shares recorded their best day since 2022 after the company revealed its on-device AI system, Apple Intelligence.<\/p>\n

Next, let\u2019s look at the biggest single-day market cap losses in U.S. history.<\/p>\n

<\/a><\/p>\n

Again, we can see that all of these losses were recorded in the past few years. Given today\u2019s multi-trillion dollar valuations, billions in company market cap can be gained or wiped out in a single day.<\/p>\n

Volatility in 2024<\/h2>\n

2024 is proving to be a volatile year for tech stocks, particularly Nvidia, as investors have recently\u00a0rotated into more defensive sectors<\/a>\u00a0like Utilities and Consumer Staples. For reference, the S&P 500\u2019s utilities sector has climbed over 21% YTD in 2024.<\/p>\n

Looking at the\u00a0Nasdaq-100 index<\/a>, we can see the beginning of a \u201cfalling tops\u201d pattern since July 2024, meaning each peak in price is lower than the previous peak. Falling tops typically indicate a bearish trend.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSat, 09\/14\/2024 – 19:15<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/nvidia-dominates-list-biggest-single-day-stock-swings-all-time<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Nvidia Dominates List Of The Biggest Single-Day Stock Swings Of All Time In this graphic, Visual Capitalist’s Marcus Lu ranked the biggest single-day stock swings…<\/p>\n","protected":false},"author":0,"featured_media":1489964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1489963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6fBF","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/09\/Biggest-One-Day-Stock-Swings_Web-yD3TGI.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1489963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1489963"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1489963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1489964"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1489963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1489963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1489963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}