Recent events associated with unpromising forecasts and slowdowns in financial growth have reduced Meta's market value by $267 billion. Because of this, its capitalization has become less than that of NVIDIA.
On Monday, NVIDIA ended the trading session with a market value of $618.2 billion, while Meta closed at $612.2 billion, according to Dow Jones data. And NVIDIA itself overtook Berkshire Hathaway Inc, which ended the streak with a market value of $706.97 billion.
Berkshire Hathaway is an American holding company headquartered in Omaha, Nebraska. He does everything in a row and is the manager for many companies in different industries. For example, she wholly owns companies such as GEICO, Dairy Queen, Duracell, Diamonds Helzberg, FlightSafety International, NetJets. In addition, he has shares in other companies. For example, she has 38.6% of Pilot Flying J, 26.8% of Kraft Heinz, 9.4% of Coca-Cola, 6.9% of IBM and even 5.5% of Apple.
With a continuing shortage of video cards, microchips and semiconductors in the global market, NVIDIA is moving up the leaderboard in terms of market capitalization. She was fifteenth in America a year ago and fiftieth two years ago. Now she took seventh place and overtook Meta for the first time.
I would like to remind you that Meta recently announced a forecast that is not very happy for investors. The company named TikTok as one of its main competitors, urging employees to focus on Instagram Reels, and complained about Apple's new mobile OS family policy.
This hit Meta's capitalization and Mark Zuckerberg's personal fortune very hard.
bbabo.Net