Nvidia loses nearly $430 billion as shares fall 10%
In short
Nvidia lost nearly $430 billion in market value over two sessions. Its shares dropped 10% amid allegations involving CEO Jensen Huang and a Chinese businesswoman.
The fall briefly sent Nvidia behind Microsoft in market value and raised concerns about governance and possible chip shipments to China.
What the reporting says
Nvidia lost nearly $430 billion in market value over two sessions as its shares fell 10% amid allegations involving CEO Jensen Huang and a Chinese businesswoman. The selloff briefly pushed Nvidia behind Microsoft in market value. The controversy has raised concerns over corporate governance and possible chip shipments to China.
Why it matters
Nvidia’s stock fell 10% over two sessions, cutting nearly $430 billion from its market value and briefly putting Microsoft ahead of it by market cap. The move matters for Nvidia shareholders and for market sentiment around the company’s governance and China exposure.