POPA ReconNvidia Sheds $1.5T in a Month: Midterms, Then a Spy Scandal
Nvidia Sheds $1.5T in a Month: Midterms, Then a Spy Scandal Nvidia has lost 21.9% in a month, sliding from $239 to $186.64 at Friday’s close, then dropped another 5.97% to $175.50 in pre-market trading on Monday. That’s about $1.53T in market value gone since early October. The first blow came from politics. AI stocks were already slipping ahead of the midterms, and once Democrats swept both chambers on November 3, fears of a crackdown on AI and new data centers sent Nvidia down 9.3% on November 5, with the chip index losing 12%. Then came the scandal. Over the weekend, Jensen Huang admitte…
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