Shares of Menlo Park, California-based Meta dropped the most since October 2022 on Thursday after the company increased spending estimates for the year and projected second-quarter sales that were below Wall Street’s expectations.
Chipmaker Nvidia is the world s fourth largest stock and Wall Street s third after Microsoft ($3 trillion) and Apple ($2.8 trillion). Saudi Aramco is worth about $2 trillion. Nvidia soared more than 16% overnight and added $277 billion to its m-cap in just one day. In dollar terms, Reliance Industries is just about $243 billion.
Forget the long list of companies that pushed the S&P 500 to a new high this month. All investors needed to mint bumper returns were the "Magnificent Seven."
ALBAWABA - Despite Meta, previously known as Facebook, reaching new heights under the leadership of Mark Zuckerberg, recent developments have stirred de