TECH - Elon Musk Reacts After Nvidia Stock Plunges 10% And Erases $212B Market Cap: 'Rookie Numbers' | Benzinga
Tesla Inc. CEO Elon Musk ridiculed the sharp 10% decline in Nvidia Corp.'s (NASDAQ:NVDA) stock and its subsequent $211 billion market capitalization loss on Friday.
What Happened: Musk took to X, formerly Twitter, on Friday to mock the substantial decline in Nvidia's market capitalization. He referred to the 10% decline as “rookie numbers."
Rookie numbers — Elon Musk (@elonmusk) April 20, 2024
On Friday, Nvidia’s stock took a significant hit, resulting in a $211 billion loss in market capitalization. This was the second-largest single-day loss in the history of the U.S. stock market.
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