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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Cyprus Services Sector Shows Robust Performance In 2025 As Tourism, Digital Innovation, And Shipping Surge

by THEFUTURE.TEAM

April 6, 2026

The Employers and Industrialists Federation (OEV) reported growth across Cyprus’ services sector in 2025, with increases recorded in tourism, professional services and administrative activities. Data show continued expansion across multiple sub-sectors, reinforcing the role of services in economic output and employment.

Service Sector Leadership

Accommodation and food services grew by 9.5%, while administrative and support activities increased by 7.4%. Professional, scientific and technical activities rose by 4.6%, followed by information and communication at 4.3%. Transport and storage recorded growth of 2.8%, while real estate activity increased by 0.4%. These figures indicate broad-based expansion across service industries.

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A Remarkable Tourism Surge

Tourist arrivals reached 4,534,073 in 2025, marking a 12.2% increase year-on-year. December arrivals totaled 156,959, up 18% compared with the same period a year earlier. Tourism continues to support revenue generation and seasonal demand across the economy. Growth in visitor numbers contributes to activity in hospitality and related sectors.

Driving Digital Transformation

OEV is supporting digital adoption through initiatives such as the DiGiNN Cyprus Digital Innovation Hub. The program focuses on improving business processes, skills development and technology integration. Additional efforts include the establishment of a Digital Transformation and Innovation Committee and international engagement through business missions. These actions support the adoption of digital tools across sectors.

Resilient Shipping Sector

Shipping accounted for about 7% of Cyprus’s GDP in 2025, remaining a key component of the economy. The Cyprus Registry recorded its highest tonnage in 20 years, with an increase of nearly 20%. Fleet growth strengthens Cyprus’ position within European Union shipping registries and global maritime markets. The sector continues to contribute to economic stability.

Strengthening The Economic Foundation

OEV is organizing conferences, workshops and exhibitions to support business development across sectors. These initiatives focus on improving operational practices and industry collaboration. Continued investment in services and digital infrastructure is expected to support economic performance.

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