Nvidia Loses $1 Trillion in 16% Slide as AI Investors Shift to Rival Chipmakers
Updated
Updated · Bloomberg · Jul 8
Nvidia Loses $1 Trillion in 16% Slide as AI Investors Shift to Rival Chipmakers
3 articles · Updated · Bloomberg · Jul 8
Summary
$1 trillion in market value has been wiped from Nvidia in less than two months, leaving the stock at its cheapest valuation since before the AI boom.
A 16% drop from its May 14 record high reflects investors rotating out of Nvidia and into other semiconductor names, especially memory-chip makers.
Nvidia still dominates the AI data-center GPU market, but that leadership has not stopped investors from reworking the broader AI trade.
The selloff signals a wider shift in chip investing, with money moving from the AI boom’s biggest winner toward competitors seen as offering better value.