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    NVDAs drop today is the largest-ever destruction of market cap (-$278B)


    Shares of Nvidia fell 9.5% today as the market frets about slowing progress in AI. The result was a decline of $278 billion, which is the worst ever market cap wipeout from a single stock in a day.

    There were worries last week after earnings but shares of Nvidia steadied after nearly a dozen price target boosts from analysts. But that would only offer a temporary reprieve as a round of profit-taking hit today and snowballed.

    https://www.forexlive.com/news/the-drop-in-nvidia-shares-today-is-the-largest-ever-destruction-of-market-cap-20240903/amp/

    NVDAs drop today is the largest-ever destruction of market cap (-$278B)
    byu/AdCritical5383 inwallstreetbets



    Posted by AdCritical5383

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    46 Comments

    3. Null_Singularity_0 on

      I’ve known this company for 25 years. They’ve got the goods, always have. There’s still upside here.

    7. AlfrescoDog on

      To put that into perspective, $278B represents a higher market cap than Chevron (CVX), Adobe (ADBE) or AMD.

    8. SerKikato on

      Sorry everyone, I purchased $15k of Nvidia today. Any time I buy stock it plummets 10-20% that day. Every time.

      My last buy was $10k of GoodRx on August 7th. ![img](emote|t5_2th52|4260)

    10. OneMadChihuahua on

      the fundamentals are good and the earnings are solid for the next 2-3 years. Buy the dip 🙂

    13. AndThisGuyPeedOnIt on

      The Market for the last year: AI AI AI AI AI AI AI AI AI AI

      The Market on a random Tuesday in September of 2024: Man, AI ain’t shit.

    16. spanishdictlover on

      Well yeah because the politicians and institutions got the heads up about the DOJ investigation and dumped on retail all day. What a scam.

    17. CloroxKid01 on

      I uhhhh lost a lot of money today. Luckily nothing permanent… assuming NVDA hits 135 by 2025

    18. apothecarynow on

      Last time NVDA shit the bed last month, I panic sold some and regretted it. Panic sell again?

    19. tle712 on

      The DOJ caught wind of those Geforce partner programs a couple years ago…
      They may have some basis here… although i believe that even without those deals, AMD would never stood a chance anyway… but Jensen is greedy.

    21. wasifaiboply on

      You guys ever seen a bubble pop before? Buckle up and hold onto your little nutsacks children. The Everything Bubble brought to you by COVID, the Fed and “AI” is about to shower you with confetti.

    28. apurimac777 on

      It’s a meme stock for billionaires what did we expect

      Shit will trade back up 150b tomorrow minimum ![img](emote|t5_2th52|4276)![img](emote|t5_2th52|27189)

    31. Individual-Wing-796 on

      Amazing that the CEO and a bunch of market whales knew to sell the last month or so.

    32. ThisTicksyNormous on

      Don’t worry fellas. It’s only because I bought EoW calls for 125$ 🤪🤪🤪🤪🤪

      I’ll sell first thing on the morrow to recoup your losses. 👐👐👐👐👐

    34. ChoosingUnwise on

      Closed those nvda 140 calls I was selling today at a huge profit. Just don’t look at my shares

    35. MatthiasBlack on

      For you, the day Nvidia dropped $278 billion in market cap it was the greatest single-day drop of a single stock in history. For me, it was Tuesday. -Jensen

    36. novasolid64 on

      Remember the last time this happened news came out 2 Days later that retail sold and corporations bought the dip. 🤣🤣🤣

    42. jonlmbs on

      Because of antitrust probe right? Bold of the Dems to crash the stock market months before an election

    45. Clittle93 on

      it was because big money knew about the DOJ anti trust news that wasnt released to the public until after they sold and market closed.

    46. Old-Tiger-4971 on

      Think part of it is also a DoJ anti-trust law suit.

      It’s for your own good when govt goes after innovators.

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