Nvidia Recorded The Largest One-day Drop In The Market Value Of A US Company In History

by THEFUTURE.TEAM

September 4, 2024

Nvidia recorded the largest one-day drop in the market value of a US company in history, Reuters reported.

KEY FACTS

Nvidia lost $279 billion in market capitalization, a major indication that investors are becoming more wary of emerging AI technologies that have fueled much of the stock market’s gains this year.
Nvidia’s share price fell 9.5%.
The latest worries about AI came to light after Nvidia gave a quarterly forecast last Wednesday that failed to meet high investor expectations, sending its shares skyrocketing.

IMPORTANT QUOTE

“Such a huge amount of money has gone into technology and semiconductors over the past 12 months that trading has been completely distorted,” said Todd Sohn, ETF strategist at Strategas Securities.

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TANGENT

At its all-time high close in July, Nvidia booked a near-tripling of its market capitalization for 2024. However, its recent stock retreats leave it with a 118% year-to-date share price gain.

Weakness in chip stocks on Tuesday accompanied big declines on Wall Street. The Nasdaq was down 3.3%, and the S&P 500 was down 2.1%.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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