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On October 3, the stock market saw significant movement among some of the biggest tech companies. NVIDIA Corporation (NVDA), Amazon.com, Inc. (AMZN), and Alphabet Inc. (GOOGL) experienced varying degrees of change in their market capitalization, reflecting investor sentiment and trading activity.
NVIDIA (NVDA): Surge in Value
NVIDIA’s stock saw a substantial increase, rising by +3.63% to trade at $123.16. This uptick resulted in an increase in market capitalization by +103.3 billion USD. As of 10:19 AM ET, the volume traded was over 91 million shares, indicating high activity and investor confidence in the semiconductor and equipment sector.
Amazon (AMZN): Slight Decline
Contrary to NVIDIA’s upward movement, Amazon’s shares fell by -1.52%, trading at $181.94. This decline led to a market cap reduction of -21 billion USD. Despite the dip, the volume of shares traded remained substantial at over 7.5 million. The broadline retail sector appears to be under pressure as trading remains volatile.
Alphabet (GOOGL): Modest Decrease
Alphabet’s stock price also faced a minor decline of -0.39%, with shares trading at $165.21. This slight drop in price translated into a market capitalization decrease of -16.1 billion USD. The stock saw a trading volume of around 2.7 million shares, reflecting cautious investor behavior in the interactive media and services sector.
Overall, the shifts in market value highlight the dynamic nature of the tech and retail sectors, with NVIDIA showing significant growth and Amazon and Alphabet experiencing modest declines.