Nvidia Loses $279 Billion in Record Stock Drop Amid AI Skepticism
Nvidia (NVDA) saw its worst market day Tuesday, losing $279 billion in value—a record for the stock market. Despite booming AI demand and a $2.7 trillion valuation, Nvidia’s 9.5% share drop followed tepid earnings projections and a reported antitrust probe by the U.S. Department of Justice (DOJ).
Key Details:
- Nvidia’s $279 billion loss surpasses Meta’s 2022 record.
- CEO Jensen Huang lost $10 billion in personal wealth.
- The U.S. Justice Department is reportedly investigating Nvidia over potential antitrust violations.
- Despite setbacks, Nvidia remains a leader in AI chips, with strong demand for its “Blackwell” GPUs.
While Nvidia is down over 20% from its June peak, AI bulls remain optimistic about the stock’s long-term potential.
