---
title: "US Stock Market News | NVIDIA fell nearly 6%, marking the largest intraday drop since May 1st"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/207089786.md"
description: "NVIDIA's stock price fell nearly 6%, marking the largest intraday drop since May 1. Currently, NVIDIA's market value is lower than Microsoft and Apple. Despite a 156% increase in NVIDIA's stock price this year, it remains one of the best-performing stocks in the Nasdaq 100 Index"
datetime: "2024-06-24T15:03:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/207089786.md)
  - [en](https://longbridge.com/en/news/207089786.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/207089786.md)
---

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# US Stock Market News | NVIDIA fell nearly 6%, marking the largest intraday drop since May 1st

Intellifinance learned that on Monday, NVIDIA (NVDA.US) saw its decline widen, with the stock falling nearly 6% to $119, marking its largest intraday drop since May 1. Currently, NVIDIA's market value is lower than that of Microsoft (MSFT.US) and Apple (AAPL.US) - last Friday, NVIDIA's market value was about $3.1 trillion, lower than Apple's $3.2 trillion and Microsoft's $3.3 trillion. However, the company's stock price has still risen by 156% from the beginning of the year to the most recent closing day, making it the best-performing stock in the tech-heavy Nasdaq 100 Index

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- [GraniteShares 2x Long NVDA Daily ETF (NVDL.US)](https://longbridge.com/en/quote/NVDL.US.md)
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- [Direxion Daily Semicondct Bull 3X ETF (SOXL.US)](https://longbridge.com/en/quote/SOXL.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)

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