Nvidia has grown into the 2nd largest company on Wall Street, so the stock’s movement carries more weight on the S&P 500 than every company except Apple.

For the first time since 2022, Nvidia stock is falling in the weeks leading up to the chip giant's earnings report. Since the end of last quarter, Nvidia stock has dropped 5.8%, including a 2.9% decline Tuesday.

AI giant Nvidia (NVDA) is set to release its Q4 FY25 results today. NVDA stock has gained about 65% over the past year, primarily due to the

The decline followed data from the European Automobile Manufacturers Association, which reported Tesla’s sales in Europe fell 45% in January.

Tesla's stock tumbled 8% on Tuesday, pushing its market value below $1 trillion for the first time since November after data showed the electric car maker's sales slumped in Europe in January.

Current prices put the auto maker’s market value below $1 trillion. The stock needed to maintain a share price of about $311 to keep that mark.