• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, July 12, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Tech

Facebook Falls Behind Nvidia in Market Cap, now 8th Most Valuable U.S. Company

by Jigyasa Prashar
February 9, 2022 - Updated On February 11, 2022
in Tech
Reading Time: 2 mins read
0
Mark Zuckerberg

Mark Zuckerberg

TwitterWhatsappLinkedin

Meta, the parent company of Facebook, continued to fall on Tuesday, and the stock has now fallen so far in the last week that it is now valued less than chipmaker Nvidia. The price of Meta decreased 2.1 percent to $220.18. The stock has dropped 35% this year and is now at its lowest level since July 2020.

You might also like

Eutelsat OneWeb Raises €1.5 Billion with Strategic Support from UK, France, and Bharti

Weekly Business News: Everything from Fipola’s shutdown to the Kuku FM battle

Weekly Startup Funding News: Indian startups raised $133 Mn this week; from Chai Bisket to AMAMA

Courtesy: Flipboard

Facebook was formerly one of the top five most valuable firms in the United States, with Big Tech rivals Apple, Microsoft, Amazon, and Alphabet. Meta has since dropped to ninth place, behind Tesla, Berkshire Hathaway, and, for the first time, Nvidia.

Nvidia Corporation is a worldwide technology firm based in Santa Clara, California, that was founded in Delaware. It creates graphics processing units (GPUs) for gaming and professional applications, as well as system on a chip (SoCs) for mobile computing and automotive applications. Its principal GPU line, dubbed “GeForce,” competes directly with Advanced Micro Devices’ “Radeon”-branded GPUs (AMD). With its mobile game consoles Shield Portable, Shield Tablet, and Shield Android TV, as well as its cloud gaming service GeForce Now, Nvidia has increased its position in the gaming sector. Workstations with its professional GPUs are utilized in sectors including architecture, engineering, and construction, media and entertainment, automotive, scientific research, and manufacturing design.

On Tuesday, Meta’s market cap plummeted to $599 billion, while Nvidia closed at $627 billion. Visa is the second largest company, with a market capitalization of $478 billion. Nvidia announced yesterday that it will no longer pursue Arm’s chip technology and would pay a $1.26 billion breakup fee to SoftBank, the company’s parent. Nvidia cancelled the deal due to a slew of regulatory issues, including an inquiry in the United Kingdom. as well as a lawsuit from the United States The FTC is the Federal Trade Commission.

Nvidia climbed 1.5 percent to $251.08 on Tuesday. The stock has been on a run for the past two years, with a gain of over 300 percent since the beginning of 2020. Investors have sold out of riskier tech companies, causing the company to lose nearly 15% of its value since the beginning of the year. Strong chip sales have bolstered Nvidia’s fourth-quarter earnings, which will be released next week. Its graphics processors are in great demand for artificial intelligence applications and complex video games.

Meta, on the other hand, has been losing ground since last week’s fourth-quarter results announcement. Apple’s privacy improvements have caused a dip in user numbers, and the corporation has cautioned about the challenges that lie ahead. The stock fell a record 26% on Thursday after Meta’s first-quarter outlook fell short of expectations.

 

Tags: #fall#valuableCompanyfacebookMetaNewsNvidiatechUSA
Tweet54SendShare15
Previous Post

TITANO: Everything You Need to Know About it.

Next Post

Enphase Energy Reports Results for the Q4 of 2021

Jigyasa Prashar

Recommended For You

Eutelsat OneWeb Raises €1.5 Billion with Strategic Support from UK, France, and Bharti

by Thomas Babychan
July 12, 2025
0
Eutelsat OneWeb Raises €1.5 Billion with Strategic Support from UK, France, and Bharti

Eutelsat Group has completed a major financial move by securing €1.5 billion through a capital increase. This step is expected to reshape its position in the global satellite...

Read more

Weekly Business News: Everything from Fipola’s shutdown to the Kuku FM battle

by Ishaan Negi
July 12, 2025
0
Weekly Business News: Top business updates in this week

Fipola’s Sudden Shutdown Leaves Employees Stranded Once regarded as a rising star in the D2C meat market, Chennai-based meat delivery firm Fipola Retail India Pvt. Ltd. abruptly shut...

Read more

Weekly Startup Funding News: Indian startups raised $133 Mn this week; from Chai Bisket to AMAMA

by Ishaan Negi
July 12, 2025
0
Weekly Startup Funding News: Indian startups raised $447 Mn this week; from Techjockey to Physics Wallah

After a couple of high-octane weeks for India’s startup funding scene, the pulse slowed considerably between July 7 and 12. The ecosystem saw a sharp 58% dip in...

Read more
Next Post
Enphase Energy Reports Results for the Q4 of 2021

Enphase Energy Reports Results for the Q4 of 2021

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?