2024 Redefined Massive Market Cap Swings. One Company Shows Up More Than Any Other In The Wildest Single-Day Stock Changes Ever Seen

The stock market has been a roller coaster in 2024, with some of the largest single-day swings in market capitalization ever recorded. One company, Nvidia NVDA, dominated both the biggest gains and losses, making it a focal point of market volatility in a year when artificial intelligence (AI) is driving much of the action. 

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Let's breakdown the most dramatic market cap swings in U.S. history, starting with the largest gains.

Some of the biggest single-day stock market gains ever happened in 2024, with Nvidia leading the way. The company's value shot up by hundreds of billions of dollars in just a few hours, thanks to excitement about its AI developments and strategic moves in the tech industry.

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Here are the biggest single-day market cap gains in U.S. history:

  • July 31, 2024 – Nvidia: +$327 billion
  • February 22, 2024 – Nvidia: +$277 billion
  • May 23, 2024 – Nvidia: +$218 billion
  • June 11, 2024 – Apple: +$215 billion
  • February 2, 2024 – Meta: +$204 billion
  • April 26, 2024 – Google: +$197 billion
  • February 4, 2022 – Amazon: +$191 billion
  • November 10, 2022 – Apple: +$191 billion
  • May 5, 2023 – Nvidia: +$184 billion
  • May 28, 2024 – Nvidia: +$183 billion

On July 31, 2024, Nvidia saw a jaw-dropping $327 billion increase in its market capitalization in a single day. This was due in part to positive results from AMD, another semiconductor giant, which left investors bullish, particularly given the increasing focus on artificial intelligence (AI) across the tech sector. 

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Nvidia’s performance didn't stop there; it also recorded gains of $277 billion, $218 billion and $183 billion in February and May of 2024, respectively.

However, the same market forces that drove huge gains also resulted in some of the largest losses ever. Nvidia, once again, was at the center of this, facing several days in 2024 when its market cap plummeted by hundreds of billions of dollars. Here are the most significant single-day losses:

  • Sept. 3, 2024 – Nvidia: -$279 billion
  • Feb. 3, 2022 – Meta: -$232 billion
  • April 19, 2024 – Nvidia: -$212 billion
  • June 24, 2024 – Nvidia: -$208 billion
  • April 29, 2022 – Amazon: -$207 billion
  • July 17, 2024 – Nvidia: -$206 billion
  • July 24, 2024 – Nvidia: -$205 billion
  • Aug. 29, 2024 – Nvidia: -$197 billion
  • July 30, 2024 – Nvidia: -$193 billion
  • Aug. 1, 2024 – Nvidia: -$192 billion

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On Sept. 3, 2024, Nvidia's stock took a $279 billion hit, marking the largest single-day market cap loss ever recorded. Several other days in 2024 saw Nvidia shedding over $200 billion, including on April 19, June 24 and July 17.

Almost all of these big stock changes are linked to AI’s rising influence in the tech industry. Companies like Nvidia, Apple and Meta are all heavily involved in AI through hardware, software, or infrastructure that supports it.

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