$NVIDIA(NVDA.US) has now erased more than $1.7 TRILLION in market value in just 5 weeksThe stock is down 6.4% today to a…
$NVIDIA(NVDA.US) has now erased more than $1.7 TRILLION in market value in just 5 weeks
The stock is down 6.4% today to about $167, its lowest level since late MarchThat's 30% below its record close of $239.24 on Oct 6, when $NVIDIA(NVDA.US) was worth about $5.78 trillionAt roughly $4.03 trillion, it's now neck and neck with $Microsoft(MSFT.US) for the #2 spot, while $Apple(AAPL.US) sits on top at about $5.06 trillionThe slide deepened this week after Jensen Huang admitted an affair with a former Megaspeed executive reportedly suspected of spying for Beijing, the board opened an independent probe, and a shareholder lawsuit followedToday's hot CPI and a 10-year yield back above 5% aren't helpingThe business hasn't broken, with earnings due Nov 17, but the market is now pricing key-person risk on the most important company in AISource: StockMarket.News
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