Nvidia shares slide, erasing about $700bn as CEO news hits
Nvidia stock fell more than 10% on the CEO reports, with one market commentator estimating $700bn in market cap lost across the two affair revelations. The shares are down about $2.1 trillion since October 6.
What we know
Market commentators report NVDA down more than 10% on the board reports. A markets newsletter estimates the two revelations erased about $700bn in market cap, and $2.1 trillion since October 6 over 26 trading days. Another trader notes NVDA is down 34% in six weeks while the broader market trades near highs. Investors are debating key-man risk, while some are buying the dip and others are shorting Nvidia against AMD. These market figures come from social accounts and are unconfirmed.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Nvidia has erased -$700 billion in market cap... -$2.1 trillion since October 6th”
View post →“$NVDA down 34% in 6 weeks while the broader market is still trading near ATHs”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.