All eyes are on Nvidia's stock, so what's been going on?

Doha: In the past few days, Nvidia s shares have lost billions in market value and the chipmaker has slipped off its perch as the most valuable stock...

Doha: In the past few days, Nvidia's shares have lost billions in market value and the chipmaker has slipped off its perch as the most valuable stock on Wall Street. But the concerns may be short lived.

Nvidia’s stock had been falling since it briefly overtook Microsoft as Wall Street’s most valuable last week, and it was down nearly 13% in just three days, its worst such stretch since 2022.

The company's $2.97 trillion market capitalization puts it behind Microsoft, at $3.34 trillion, and Apple, at $3.22 trillion.

Because Nvidia has become so massive in size, the movements for its stock carry extra weight on the S&P 500 and other indexes.

It was the heaviest weight by far on the S&P 500 Monday.