NVDA: Nvidia Stock Sheds Record $279 Billion to Become World’s Biggest Loser, Ever

Nvidia can make records not only to the upside. No other company in the history of publicly traded stocks has ever lost more value in a single session.

• Nvidia stock NVDA plunged 9.5% on Tuesday, washing out a mind-boggling $279 billion from its valuation (that’s $35 billion for every painful hour). And it was also a new record — Nvidia became the first company to lose that much money in a single day. Outperforming even Meta in its worst days when it lost $200 billion after Mark Zuckerberg ​​spooked investors with spending guidance in April this year. If we go further back, Meta lost $232 billion on February 3, 2022.
• Nvidia has become synonymous with a meme stock for its wild swings, despite being a (former) $3 trillion heavyweight. The chip giant has been struggling to pick itself back up after a disappointing earnings report — it beat expectations for top-line growth but fell short of Wall Street’s loftiest outlook views. Production delays for the company’s next-generation Blackwell chips further weighed on the stock.
• Shares of Nvidia are still up a good 124% since the start of the year with yesterday’s close at $108 a share (which ranked it among the worst performers in the S&P 500 for the day). But nowhere near the record $135 a piece hit in mid-June. Based on that high-water mark, the company just entered a bear market, sliding 20% from the most recent peak. And, to wrap it up, Nvidia CEO Jensen Huang lost $10 billion yesterday (yikes.)