Nvidia Sheds $1 Trillion, Hits Pre-AI Boom Valuation
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- Nvidia lost $1 trillion in market value, with the decline dragging the broader chip sector down and pushing the stock to its cheapest valuation since before the AI boom.
- Shares are off 17% from their high, yet some traders are betting on a big Nvidia rally, framing the pullback as a potential entry point for the AI chip leader.
Why it matters: Nvidia's $1 trillion wipeout and 17% slide from highs marks a sharp unwind of the AI chip trade, and the broader chip sector is caught in the downdraft — but the gap between bearish price action and bullish trader positioning shows the recovery thesis still has believers.
