Nvidia Corp. (NASDAQ:NVDA), the semiconductor giant, experienced a significant market value drop, losing $118 billion in market capitalization.
This downturn comes shortly after Nvidia briefly surpassed Microsoft Corp. (NASDAQ:MSFT) to become the most valuable publicly traded company.
The decline in Nvidia's shares coincides with the market's triple-witching Friday, a quarterly event when options and futures on stocks and stock indices expire simultaneously, often leading to increased volatility.