Nvidia shares plunge 35% from peak, slipping to third in global market cap
The chipmaker lost its position as the world's most valuable company as the stock slid significantly from recent highs.
The chipmaker lost its position as the world's most valuable company as the stock slid significantly from recent highs. Published 2026-11-12 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Nvidia shares plunged 35% from their peak on Thursday, according to CNBC TV18, as the chipmaker slipped to third spot in global market cap rankings. The decline marks a significant retreat for the technology giant, which had previously held the top position in global valuations.
Valuation ranking shifts
The company's market capitalisation fell enough to drop it from the top of global rankings to third place, CNBC TV18 reported. This shift reflects the substantial erosion in share value from the previous peak levels.
The report did not specify which companies now occupy the first and second positions in the global market cap hierarchy. The move places Nvidia behind the two largest listed firms by value.
Peak decline details
The 35% drop from peak levels represents a major correction in the stock's recent trajectory. This figure is based on the reporting from CNBC TV18 on the current session date.
No specific trigger for the fall was identified in the provided summaries. The reports reviewed by Falling Shares gave no reason for the move beyond the ranking change and percentage decline.